Variation Signaled by Individual Fluctuations or Patterns in the Data

question 42

Multiple Choice

Variation signaled by individual fluctuations or patterns in the data is called

• A)special or assignable causes.
• B)common or chance causes.
• C)explained variation.
• D)the standard deviation.

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Definitions:

Economic Motives

The underlying reasons that guide individuals or entities to make decisions regarding the allocation of resources.

Disposable Income

This is the amount of money that households have available for spending and saving after income taxes have been accounted for.

Consumption

refers to the total amount of goods and services bought and used by households and individuals.

Savings Rate

The portion of disposable income not spent on consumption of goods and services but saved or invested, usually expressed as a percentage of disposable income.