A graph of a business cycle that plots output on the vertical axis and quarters of a 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 time is known as a time series graph. Option A, bar chart, is not appropriate as it usually uses bars to represent categorical data. Option B, pie chart, is used to show proportions and is not appropriate for this scenario. Option C, scatter plots, are used to display the relationship between two continuous variables, which is not the case here.

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