A Graph That Shows the Value of an Economic Variable

question 185

Multiple Choice

A graph that shows the value of an economic variable for different groups in a population at a given time is called a

• A) scatter diagram.
• B) times-series graph.
• C) pie chart.
• D) cross-section graph.
• E) fixed-time diagram.

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Definitions:

Total Expense

The sum of all costs and expenses associated with the operations of a business.

Level Of Activity

A measure of the amount of output or work performed, often used in accounting to allocate fixed costs or in operational planning.

Gross Margin

The difference between sales revenue and the cost of goods sold, indicating the profitability of a company's core business activities.