Time series data show information ?
Correct answer: B. about different points in time over the same variable
- A. about the same point in time over different places
- B. about different points in time over the same variable
- C. about different variables over different places
- D. about different points in time over different places
Explanation
Time-series data track the same variable at different points in time, such as Pakistan’s inflation rate over several years. Data covering different locations at one time are cross-sectional data.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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