
Exercise A1
Name three kinds of graphs and briefly state when is most appropriate to use each type of graph.

To state:
The different types of graphs.
Explanation of Solution
There are three types of graphs that is line graphs, pie graphs, and bar graphs.
A line graph is a graphical diagram which displays the changes in information over time. This is also referred as a line chart. In the line graph, there are points which are connected to information or data and shows continuous change. A line graph is used to compare different information, situations, and events. The lines in the graph can descend line or can ascend line based on data.
A pie graph or pie chart is used to display whole information, data, and statistics in an easy to read manner. A circle represents the whole data or group and it contains the slices of data called pie and the varying size of pie show how much data elements are existing in it. Generally, the pie graph used for classification of whole information into the subparts based on their characteristics.
A bar graph is a chart that uses the height of bars to depicts the comparisons between a set of information or data. These bars can be horizontal or vertical. For example, a comparison of the population between two countries India and China. The horizontal line will show the name of the country and the vertical line will show the size of the population. The bars constructed for these two countries will represent the comparison between these two country’s population.
Graphs: The graph is a two-dimensional diagram that shows the mathematical relationship between the variables. It represents the numerical data in visual figure to understand the data easily and quickly.
Want to see more full solutions like this?
Chapter A Solutions
Principles of Macroeconomics 2e
Additional Business Textbook Solutions
Gitman: Principl Manageri Finance_15 (15th Edition) (What's New in Finance)
Horngren's Accounting (12th Edition)
Operations Management
Horngren's Financial & Managerial Accounting, The Financial Chapters (Book & Access Card)
Engineering Economy (17th Edition)
Business Essentials (12th Edition) (What's New in Intro to Business)
- How sustainable is the forestry industry in BC in your opinion? Not at all, somewhat, very and explain your reasoning.arrow_forwardIn a paragraph, no bullet, points please answer the question and follow the instructions. Give only the solution: Use the Feynman technique throughout. Assume that you’re explaining the answer to someone who doesn’t know the topic at all. 6.Draw a standard Commercial Bank Balance Sheet and briefly explain each of the main components.arrow_forwardC1 The following model can be used to study whether campaign expenditures affect election outcomes: voteA = 0 + B₁ log(expendA) + ẞ₂ log(expendB) + ẞ3 prtystrA + u, where voteA is the percentage of the vote received by Candidate A, expendA and expend are campaign expenditures by Candidates A and B, and prtystrA is a measure of party strength for Candidate A (the percentage of the most recent presidential vote that went to A's party). == (i) (ii) (iii) (iv) What is the interpretation of B₁? In terms of the parameters, state the null hypothesis that a 1% increase in A's expenditures is offset by a 1% increase in B's expenditures. Estimate the given model using the data in VOTE1.DTA and report the results in usual form. Do A's expenditures affect the outcome? What about B's expenditures? Can you use these results to test the hypothesis in part (ii)? Estimate a model that directly gives the t statistic for testing the hypothesis in part (ii). What do you conclude? (Use a two-sided…arrow_forward
- In a paragraph, no bullet, points please answer the question and follow the instructions. Give only the solution: Use the Feynman technique throughout. Assume that you’re explaining the answer to someone who doesn’t know the topic at all. 10. What is Tinbergen’s constraint? Explain its importance in regard to US monetary policy.arrow_forwardIn a paragraph, no bullet, points please answer the question and follow the instructions. Give only the solution: Use the Feynman technique throughout. Assume that you’re explaining the answer to someone who doesn’t know the topic at all. 8. How does monetary policy supposedly translate into changes in AD?arrow_forwardIn a paragraph, no bullet, points please answer the question and follow the instructions. Give only the solution: Use the Feynman technique throughout. Assume that you’re explaining the answer to someone who doesn’t know the topic at all. 2. Carefully explain either Keynes’ “cookie jar” motive for holding money or the “saw-toothed model’s” motive for holding a safety stock.arrow_forward
- In a paragraph, no bullet, points please answer the question and follow the instructions. Give only the solution: Use the Feynman technique throughout. Assume that you’re explaining the answer to someone who doesn’t know the topic at all. 7.Carefully explain the Fisher equation for interest rates. What insight does it provide?arrow_forwardIn a paragraph, no bullet, points please answer the question and follow the instructions. Give only the solution: Use the Feynman technique throughout. Assume that you’re explaining the answer to someone who doesn’t know the topic at all. 3. Describe the general architecture of the Federal Reserve System.arrow_forwardIn a paragraph, no bullet, points please answer the question and follow the instructions. Give only the solution: Use the Feynman technique throughout. Assume that you’re explaining the answer to someone who doesn’t know the topic at all. 1. Define money. Carefully explain the three functions of money.arrow_forward
- In a paragraph, no bullet, points please answer the question and follow the instructions. Give only the solution: Use the Feynman technique throughout. Assume that you’re explaining the answer to someone who doesn’t know the topic at all. 5.Draw the Federal Reserve System’s Balance Sheet and briefly explain each of the main (highlighted in the PowerPoints and text) components.arrow_forwardIn a paragraph, no bullet, points please answer the question and follow the instructions. Give only the solution: Use the Feynman technique throughout. Assume that you’re explaining the answer to someone who doesn’t know the topic at all. 9. What are monetary rules? How are they carried out and what is the difference between monetary rules and discretionary behavior?arrow_forwardIn a paragraph, no bullet, points please answer the question and follow the instructions. Give only the solution: Use the Feynman technique throughout. Assume that you’re explaining the answer to someone who doesn’t know the topic at all. 4. What is interest payment on reserve balances used for? How does it work?arrow_forward
- Principles of Economics 2eEconomicsISBN:9781947172364Author:Steven A. Greenlaw; David ShapiroPublisher:OpenStaxEconomics (MindTap Course List)EconomicsISBN:9781337617383Author:Roger A. ArnoldPublisher:Cengage Learning





