Econometrics Is

question 73

Multiple Choice

Econometrics is

• A)a system of measuring economic variables.
• B)the study of public finance.
• C)the use of statistical techniques on economic data.
• D)the use of mathematical techniques on economic data.

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Definitions:

Invention

The creation of a new product, process, or idea that did not exist previously.

Development

A process of improvement in the material conditions of people through diffusion of knowledge and technology.

Technological Advance

The process of improving or developing new methods, tools, or products to increase efficiency, productivity, or quality in various fields, especially economics and industry.

Government R&D

Research and development activities funded or conducted by the government to advance knowledge, innovation, and technology for public benefit.