Which of the Following Is the Best Type of Chart

question 12

Short Answer

Which of the following is the best type of chart for illustrating the GDP of Australia from 1960 to 2010? $\begin{array}{|l|l|}\hline A&\text {A time-series chatt. }\\\hline B&\text { A scatter plot.}\\\hline C&\text {A histogram }\\\hline D&\text {A bar chart. }\\\hline \end{array}$

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Definitions:

Real GDP

A measure of a country's economic output adjusted for price changes (inflation or deflation), providing a more accurate reflection of an economy's size and growth rate.

Gross Investment

The total expenditure on new capital assets plus the replacement of depreciated assets within an economy in a specific time period.

Net Domestic Product

The aggregate worth of every product and service generated inside a nation over a particular timeframe, deducting depreciation.

Gross Domestic Product

The total market value of all final goods and services produced within a country in a specific time period, indicating economic health.