The Cyclical Component of a Time Series

question 44

Multiple Choice

The cyclical component of a time series

• A) represents periodic fluctuations which reoccur within 1 year.
• B) represents periodic fluctuations which usually occur in 2 or more years.
• C) is obtained by adding up the seasonal indexes.
• D) is obtained by adjusting for calendar variation.

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Definitions:

Quota Rent

The difference between the demand price and the supply price at the quota limit; this difference, the earnings that accrue to the license-holder, is equal to the market price of the license when the license is traded.

Domestic Demand

The total demand for goods and services within a country, including both consumer and governmental purchases.

Calculators

Electronic devices or software used to perform calculations, ranging from simple arithmetic to complex mathematical operations.

World Trade Organization

An international body that deals with the rules of trade between nations, aiming to ensure that trade flows as smoothly, predictably, and freely as possible.