Which of the Following Is an Example of Time Series

question 2

Multiple Choice

Which of the following is an example of time series data?

• A)Data on the unemployment rates in different parts of a country during a year.
• B)Data on the consumption of wheat by 200 households during a year.
• C)Data on the gross domestic product of a country over a period of 10 years.
• D)Data on the number of vacancies in various departments of an organization on a particular month.

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Definitions:

Disparity of Income

The gap in income and wealth distribution among individuals or groups within a society, leading to economic inequality.

Nominal Wages

The amount of money paid to employees without adjustment for inflation, reflecting the face value rather than the real purchasing power.

Real Wages

The buying capacity of earnings, when accounted for inflation, showing the amount of goods and services that can be purchased.

CPI

The Consumer Price Index is an indicator that calculates the overall average prices of a selection of consumer items and services, including food, transportation, and healthcare, which is utilized to measure inflation.