Use the Following Dataset to Answer the Following Question -What Is the Unit of Observation?
A) Apple-Stock Price
B)

question 50

Multiple Choice

Use the following dataset to answer the following question. $$\begin{array} { | l | c | c | } \hline \text { Stock } & \text { Day } & \text { Stack Price } \\\hline \text { Apple } & 5 - 13 - 18 & \$ 189 \\\hline \text { Apple } & 5 - 14 - 18 & \$ 187 \\\hline \text { Apple } & 5 - 15 - 18 & \$ 185 \\\hline \text { Apple } & 5 - 16 - 18 & \$ 188 \\\hline\end{array}$$
-What is the unit of observation?

• A) Apple-stock price
• B) Day-price
• C) Day
• D) Stock price

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Definitions:

Business Owners

Individuals who legally possess a company, assume major risks, and enjoy the benefits from its operation and growth.

Inventories

Quantities of goods or materials that a company holds for the purpose of sale or production at a given time.

Recession

An appreciable fall in economic activities spread throughout the economy, continuing for longer than a few months, typically observed in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced in an economy at constant prices.