Exam 19: Graphs in Economics

Use the following to answer questions: -(Figure: Hot Drinks Sold and Temperature)Use Figure: Hot Drinks Sold and Temperature.If we move from point K to point L in the figure,the outside temperature has _____ degrees and the number of hot drinks sold has _____.

Use the following to answer questions: -(Figure: Illustrating Slope)Use Figure: Illustrating Slope.In the graph,line 3 depicts X and Y to be:

Use the following to answer question 19: -(Table: Hours Studied and Quiz Score)Use Table: Hours Studied and Quiz Score.The table shows data for students in an economics class.If we were to graph these data and draw a line through the points,we would choose _____ to be the independent variable;the vertical intercept of our line would be _____;and the slope of our line would be _____.

A bar graph:

Use the following to answer questions: -(Figure: Unemployment Rate over Time)Look at the figure Unemployment Rate over Time.In the time-series graph,as we move from the beginning of 2001 to the beginning of 2003,we see that the unemployment rate has _____ from approximately _____ to approximately _____.

Use the following to answer questions: -(Figure: Cold Drinks Sold and Temperature)Use Figure: Cold Drinks Sold and Temperature.If we move from point C to point E in the figure,the outside temperature has _____ degrees and the number of cold drinks sold has _____.

Use the following to answer questions: -(Figure: Demand and Supply of Shirts)Use Figure: Demand and Supply of Shirts.In the graph,if the line labeled D shows how many shirts per week will be demanded at various prices,then it is clear that,as the price of shirts falls:

If two variables are negatively related,they will always be represented by a:

If two variables are positively related:

Use the following to answer questions: -The ratio of the change in the variable on the vertical axis to the change in the variable on the horizontal axis,measured between two points on the curve,is the:

Use the following to answer questions: -(Figure: Unemployment Rate over Time)Use Figure: Unemployment Rate over Time.In the time-series graph,as we move from 1993 to 1995,we see that the unemployment rate has _____ from approximately _____% to approximately _____%.

Use the following to answer questions: -In the graph of a curve,the vertical intercept is the:

Use the following to answer questions: -(Figure: Labour Force Participation Rate)Use Figure: Labour Force Participation Rate.During 1970-1985,the labour force participation rate was _____ for women and _____ for men.

Use the following to answer questions: -(Figure: Unemployment Rate over Time)Use Figure: Unemployment Rate over Time.In the time-series graph,as we move from 1997 to 2001,we see that the unemployment rate has _____ from approximately _____% to approximately _____%.

Your boss asks you to graph company profits for the past 10 years.The BEST way to show this information is with a(n):

If two variables are negatively related:

Professor Macro wants to use a numerical graph to show the percentage of government spending accounted for by its various components.Which graph is MOST suitable for this purpose?

A _____ graph shows how the value of one or more variables has changed over some period.

In a time-series graph,large changes can be made to appear insignificant by:

The _____ of a curve shows the point at which the curve intersects an axis.