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bluewiss bluewiss
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2 years ago
When studying economic data, and when comparing the magnitude of changes in variables with different scales it is best to

▸ express each variable as a logarithmic number.

▸ use only time-series data.

▸ compare the relative data on each variable.

▸ express each variable as an index number.

▸ compare the absolute data on each variable.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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eminemluvr87eminemluvr87
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2 years ago
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This site is awesome
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