A data set is a balanced panel if it _____.
A)consists of a sample of individuals,households,firms,cities,states,countries,or a variety of other units,taken at a given point in time.
B)consists of observations on a variable or several variables over time
C)consists of data for each cross sectional unit over the same time period
D)consists of time-demeaned data for different cross sectional units

Question

Quizplus · Accepted Answer

A balanced panel data set consists of data for each cross sectional unit over the same time period. This means that the same cross sectional units are observed at each point in time, resulting in a balanced panel. Option A describes a cross-sectional data set, while option B describes a time series data set. Option D describes a panel data set that has been time-demeaned, but it does not necessarily refer to a balanced panel.

A Data Set Is a Balanced Panel If It _____