-A Graph Shows the Average Wage of Various Demographic Groups

question 327

Multiple Choice

-A graph shows the average wage of various demographic groups in 2012.The kind of graph used to show these data would be a

• A) scatter diagram.
• B) time-series graph.
• C) cross-section graph.
• D) Venn diagram.
• E) fixed-year figure.

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Definitions:

Milton Friedman

An influential American economist known for his strong belief in free-market capitalism and for challenging Keynesian economics.

Lottery

A form of gambling that involves drawing numbers at random for a prize, often run by states or organizations as a way to raise funds.

Federal Reserve

The central banking system of the United States, responsible for implementing the country's monetary policy.

Consumer Spending

The aggregate spending of families within an economy on goods and services.