Economic Analysis Tools Quiz

What is a characteristic of a good table in economic analysis?

• It must have a title

• Each column must have a title

• The units of measurement must be stated

• All of the above

Which data presentation tool is ideal for showing trends and patterns over time?

• Tables

• Graphs

• Bar Charts

• Pie Charts

What is a disadvantage of using graphs in data presentation?

• They can show trends and patterns

• They can become overly complicated

• They are easy to read and compare

• None of the above

What must be stated in a good graph?

• Title

• Variable assigned to each axis

• Scales used to plot the graph

• All of the above

Which data presentation tool is effective for comparing data across different categories?

• Tables

• Graphs

• Bar Charts

• Pie Charts

What is a characteristic of a good bar chart?

• It must have a title

• The scale used in the vertical axis must be stated

• The height of each rectangle must be proportional to the numerical value of the data

• All of the above

Which data presentation tool is commonly used to show the composition of a data set?

• Tables

• Graphs

• Bar Charts

• Pie Charts

What must be stated in a good pie chart?

• Title

• Description of each part or sector

• Degree or percentage of each part or sector

• All of the above

What type of chart is depicted in the provided image?

• Pie Chart

• Simple Bar Chart

• Component Bar Chart

• Multiple Bar Chart

Which combination of data presentation tools can effectively communicate economic data to different audiences?

• Tables and graphs

• Graphs and bar charts

• Bar charts and pie charts

• All of the above