A graph of a business cycle that plots output on the vertical axis and quarters of the year on the horizontal axis is an example of a
A) bar chart.
B) pie chart.
C) scatter plot.
D) time series.

Question

Quizplus · Accepted Answer

A graph that plots output over quarters of the year is tracking the changes in output over time, so it is a type of time series. Bar charts are used to compare different categories, pie charts show parts of a whole, and scatter plots chart the relationship between two variables.

A Graph of a Business Cycle That Plots Output on the Vertical