a. What is the variable of interest?
- Select your answer -Earnings for Federal spendingFederal spending
measured in millions of dollarsFederal spending measured in
trillions of dollarsItem 1
b. Are the data categorical or
quantitative?
- Select your answer -CategoricalQuantitativeItem 2
c. Are the data time series or
cross-sectional?
- Select your answer -Cross-sectionalTime seriesItem 3
d. Comment on the trend in federal spending over time.
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Homework Answers
Answer to every question part, with explanation:
a. Federnal Spending ( in $ trillion)
b. continous, since it can take any value, even in decimals
c. it is a time series data
d. During initial years of 2004 to 2009 the spending has
increased,
in the next 3 years it has become stagnant
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- Select your answer -Earnings for Federal spendingFederal spending...
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