A Data Set Is a Balanced Panel If It _____

question 22

Multiple Choice

A data set is a balanced panel if it _____.

• A)consists of a sample of individuals, households, firms, cities, states, countries, or a variety of other units, taken at a given point in time
• B)consists of observations on a variable or several variables over time
• C)consists of data for each cross sectional units over the same time period
• D)consists of time-demeaned data for different cross sectional units

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Definitions:

Percentage

A part or portion of a whole, expressed as a fraction of 100, used to quantify relative differences or changes.

Daily Interest

The interest amount calculated on the principal amount on a daily basis.

Exponential Notation

A mathematical way to write numbers using bases and exponents.

Arithmetic Operations

Basic mathematical processes including addition, subtraction, multiplication, and division.