The Cyclical Variation Component of a Time Series Measures the Over-All

question 67

True/False

The cyclical variation component of a time series measures the over-all general directional movement over a long period of time.

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Definitions:

Trade Surplus

The difference between a nation's exports and imports when exports exceed imports.

Trade Deficit

A measure of international trade in which a country's imports exceed its exports.

Net Exports

A country's economic output's net impact from international trade, calculated as the difference between its total exports and total imports.

Net Exports

The value of a country's total exports minus its total imports, indicating whether a country is in a trade surplus or deficit.