An Economist Has Data Showing Canadian GDP for the Years

question 45

Multiple Choice

An economist has data showing Canadian GDP for the years 1945-2018.The best way to illustrate these data is

• A)a time-series line graph.
• B)a cross-sectional bar-chart graph.
• C)a scatter diagram.
• D)a logarithmic scale diagram.
• E)a time-series pie chart.

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Definitions:

Accounts Payable

Money owed by a company to its creditors for goods and services purchased on credit.

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those shown on a bank statement to ensure they align.

Balance Per Books

The ending balance on a company's financial records for a specific account, before any adjustments for reconciliation.

Notes Collected

The process of receiving payment on promissory notes, which are written promises to pay a specific sum of money.