On a Graph Showing Real National Income on the Vertical

question 50

Multiple Choice

On a graph showing real national income on the vertical axis and time on the horizontal axis,the fluctuations of real national income around the trend-line would indicate the

• A)business cycle.
• B)distribution of income.
• C)inflation rate.
• D)path of potential output.
• E)unemployment rate.

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Definitions:

Bit

The smallest unit of data in computing, representing a single binary value of either 0 or 1.

Representation

In computing, the use of symbols, signs, or codes to stand for or depict data and instructions to be used in processes or communication.

Fact

A statement that can be proven to be true or false, based on evidence or reality.

Figure

In computing contexts, it may refer to a graphical or illustrative representation of data within a document or presentation.