Use the Following Dataset to Answer the Following Question -What Is the Unit of Observation?
A) Firm
B) Year

question 45

Multiple Choice

Use the following dataset to answer the following question. $$\begin{array} { | l | c | c | c | c | } \hline { \text { Firm } } & \text { Year } & \text { \# ur Emplayees } & { \text { Sales } } & \text { Prafits } \\\hline \text { Jirr's Auto } & 2014 & 23 & \$ 741,000 & \$ 52,000 \\\hline \text { Mecharnic Zone } & 2014 & 15 & \$ 510,000 & - \$ 72,000 \\\hline \text { Tirr's Auto } & 2015 & 31 & \$ 1,081,050 & \$ 101,000 \\\hline \text { Mecharic Zone } & 2015 & 27 & \$ 81,000 & \$ 28,000 \\\hline\end{array}$$
-What is the unit of observation?

• A) Firm
• B) Year
• C) Year-Profits
• D) Firm-Year

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Definitions:

Willing

Ready, inclined, or favorably disposed toward taking a particular action or supporting a particular stance.

Valid Gift

A legally recognized transfer of property or assets from one individual to another without the expectation of payment or compensation.

Real Property

Real estate comprising the ground and any structures or natural features permanently affixed, such as homes and foliage.

Properly Executed Deed

A legal document that has been completed correctly, meeting all necessary formalities to transfer ownership of property.