The Following Scatterplot Shows Output/unit Capital and Years

question 53

Multiple Choice

The following scatterplot shows output/unit capital and years.The data show

• A)There is no consistent increasing or decreasing over time.
• B)There is no evidence of a seasonal component.
• C)There is some evidence of a cyclical component.
• D)There is no linear trend over the time period.
• E)All of the above.

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Definitions:

Government Purchases

Expenditures made by the government sector on goods and services to fulfill its various functions and responsibilities.

Transfer Payments

Payments made by governments to individuals without requiring any goods or services in return, such as welfare or social security.

Goods and Services

The output of an economy's business activities, encompassing tangible products (goods) and intangible offerings (services).

Progressivity

Refers to the degree to which a tax system taxes higher incomes at higher rates.