Examlex
Cross-sectional data are data on a population at a distinct point in time,whereas time series data are data collected across time.
Good
A tangible or intangible product that can satisfy a need or desire, and is transferable from one person to another.
Budget Constraint
The limits imposed on household choices by income, wealth, and product prices.
Price of Gasoline
The cost per unit (typically per liter or gallon) of gasoline, which fluctuates based on factors like crude oil prices, taxes, and supply and demand dynamics.
Gallons of Gasoline
A measure of volume used in the United States for gasoline, with one gallon equal to approximately 3.785 liters.
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