Business, 09.09.2019 17:30 queeneaf

What is the distinction between cross-sectional data and time-series data?
a. cross-sectional data is only used in microeconomics while time-series data is only used in macroeconomics.
b. cross-sectional data provides information about economic behavior at an instant in time, while time-series data provides information about how an economic variable behaves over time.
c. cross-sectional data provides information about one section of the economy, while time-series data provides information about the entire economy.
d. cross-sectional data can be presented in tables, while time-series data requires the use of graphs.

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What is the distinction between cross-sectional data and time-series data?
a. cross-sectiona...

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