A Research Assistant Is Preparing a Graph Showing Personal Income

question 158

Multiple Choice

A research assistant is preparing a graph showing personal income and happiness in industrialized nations from the 1940s through the 1990s. How should the graph look

• A)The line depicting personal income should be positively sloped.The line depicting happiness should be negatively sloped.
• B)The line depicting personal income should be positively sloped.The line depicting happiness should be more or less horizontal.
• C)The line depicting personal income should be positively sloped.The line depicting happiness should also be positively sloped, but slightly less steeply.
• D)The line depicting personal income should be more or less horizontal.The line depicting happiness should be negatively sloped.

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Definitions:

Sales In Receivables

Accounts receivable that result from sales transactions, indicating the amount of money customers owe a company.

Decimal Place

A position of a number to the right of the decimal point, indicating fractions of a base unit.

Percentages

A mathematical concept that represents a number or ratio as a fraction of 100.

Horizontal Analysis

A method of financial analysis in which figures in financial statements are compared across several periods to identify trends or changes over time.