The table below shows hypothetical data for volumes of e- books and hardcover books sold over a 3- year period in a particular city. $$\begin{array} { | c | c | c | }
\hline & \text { E- books } & \text { Hardcover Books } \
\hline \text { Year 1 } & 23000 & 72000 \
\hline \text { Year 2 } & 52000 & 59000 \
\hline \text { Year 3 } & 106000 & 31000 \
\hline
\end{array}$$ TABLE 2- 3
-When studying economic data,and when comparing the magnitude of changes in variables with different scales it is best to
A)express each variable as an index number.
B)compare the relative data on each variable.
C)compare the absolute data on each variable.
D)use only time- series data.
E)express each variable as a logarithmic number.

Question

The table below shows hypothetical data for volumes of e- books and hardcover books sold over a 3- year period in a particular city. $$\begin{array} { | c | c | c | } 
\hline & \text { E- books } & \text { Hardcover Books } \
\hline \text { Year 1 } & 23000 & 72000 \
\hline \text { Year 2 } & 52000 & 59000 \
\hline \text { Year 3 } & 106000 & 31000 \
\hline
\end{array}$$ TABLE 2- 3
-When studying economic data,and when comparing the magnitude of changes in variables with different scales it is best to
A)express each variable as an index number.
B)compare the relative data on each variable.
C)compare the absolute data on each variable.
D)use only time- series data.
E)express each variable as a logarithmic number.

Quizplus · Accepted Answer

Expressing each variable as an index number allows for easy comparison of changes in magnitude across variables with different scales.

The Table Below Shows Hypothetical Data for Volumes of E-