Question 3
Tools of Economic AnalysisWhich of the following tools of economic analysis is used when data contains more than one category?
- A.Bar charts
- B.Component bar charts
- C.Graphs
- D.Symbolical statement
Show the answer and explanation
Answer: B (Component bar charts)
Explanation
A component bar chart divides each bar into parts, so it can show several categories of data in one bar.