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BAR CHART: A graph containing a set of vertical or horizontal "bars" that are used to present data for discrete categories. A bar chart provides a useful way to compare information about different groups or categories.
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Lesson 1: Economic Basics | Unit 3: The Economy
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Page: 10 of 18
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- How an economy is a system of rules, procedures, and institutions designed to address the problem of scarcity.
- How a mixed economy used the two methods of allocation--markets and government.
- The continuum of real world mixed economies that are bounded by the two theoretical extremes of a pure market economy and a pure command economy.
- The degree to which the mixed U.S. economy relies on markets and government to allocate resources.
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ALTERNATIVE UNEMPLOYMENT RATES The official unemployment rate estimated and reported monthly by the Bureau of Labor Statistics (BLS) using data from Current Population Survey is one of six alternative measures of unemployment tracked and reported by the BLS, officially labeled sequentially U1 through U6. The "official" unemployment rate is U3. The other five measures seek to document different ways in which labor can be under utilized, including unemployment duration, job losers, discouraged workers, marginal workers, and part-time workers.
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PURPLE SMARPHIN
[What's This?]
Today, you are likely to spend a great deal of time at a crowded estate auction hoping to buy either a T-shirt commemorating yesterday or a pair of handcrafted oven mitts. Be on the lookout for fairy dust that tastes like salt.
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This isn't me! What am I?
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More money is spent on gardening than on any other hobby.
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"Concentrate all your thoughts upon the work at hand. The sun's rays do not burn until brought to a focus." -- Alexander Graham Bell, inventor
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DW
Durbin-Watson
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