Consider the Following to Answer the Question(s) Below

question 21

Multiple Choice

Consider the following to answer the question(s) below:
Annual estimates of the population in a certain city from 1999 (t = 1) onward are shown in the time series graph below.
-The dominant component in this time series is

• A) cyclical
• B) randomness
• C) seasonality
• D) trend
• E) No time series component is dominant.

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Definitions:

Tax

An obligatory fiscal contribution or alternative form of taxation placed on individuals by a governing body with the aim of financing government operations and a range of public expenses.

Buyers

Individuals or entities that purchase goods and services.

Government

The organization or system through which a community, state, or nation is ruled, and which sets and enforces laws and policies.

Tax

A mandatory contribution to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.