Econometrics Exam 1 Questions
and Answers
Choose a random group of employees to receive ten hours per week in additional
training for a period of four weeks. Then, estimate the difference in productivity between
workers who received the additional training and those that did not. Option ________
best describes this statement.
a. an observational panel data set.
b. an observational cross minus sectional data set.
c. an ideal randomized controlled experiment.
d. an observational time series data set. - Answer- C
Data on hours spent on training a group of ten different employees in a certain day.
Option _______ best describes this statement.
a. an observational panel data set.
b. an observational cross minus sectional data set.
c. an ideal randomized controlled experiment.
d. an observational time series data set. - Answer- B
Data on hours spent on training the same employee for seven consecutive days. Option
_____ best describes this statement.
a. an observational panel data set.
b. an observational cross minus sectional data set.
c. an ideal randomized controlled experiment.
d. an observational time series data set. - Answer- D
Data on hours spent training for a group of ten different employees for seven
consecutive days. Option _____ best describes this statement.
a. an observational panel data set.
b. an observational cross minus sectional data set.
c. an ideal randomized controlled experiment.
d. an observational time series data set. - Answer- A
Analyzing the behavior of unemployment rates across U.S. states in March of 2010 is
an example of using:
A.
time series data.
B.
panel data.
C.
, cross-sectional data.
D.
experimental data. - Answer- C
Analyzing the effect of minimum wage changes on teenage employment across the 48
continental U.S. states from 1980 to 2010 is an example of using:
A.
having a treatment group versus a control group, since only teenagers receive minimum
wages.
B.
time series data.
C.
cross-sectional data.
D.
panel data. - Answer- D
The accompanying graph is an example of:
x-axis: Year
y-axis: U.S. Unemployment Rate in %
A.
a time series.
B.
experimental data.
C.
longitudinal data.
D.
cross-sectional data. - Answer- A
The most frequently used experimental or observational data in econometrics are of the
following type:
A.
time series data.
B.
panel data.
C.
cross-sectional data.
D.
randomly generated data. - Answer- C
Econometrics can be defined as follows with the exception of:
A.
fitting mathematical economic models to real-world data.
B.
the science of testing economic theory.
C.
a set of tools used for forecasting future values of economic variables.
and Answers
Choose a random group of employees to receive ten hours per week in additional
training for a period of four weeks. Then, estimate the difference in productivity between
workers who received the additional training and those that did not. Option ________
best describes this statement.
a. an observational panel data set.
b. an observational cross minus sectional data set.
c. an ideal randomized controlled experiment.
d. an observational time series data set. - Answer- C
Data on hours spent on training a group of ten different employees in a certain day.
Option _______ best describes this statement.
a. an observational panel data set.
b. an observational cross minus sectional data set.
c. an ideal randomized controlled experiment.
d. an observational time series data set. - Answer- B
Data on hours spent on training the same employee for seven consecutive days. Option
_____ best describes this statement.
a. an observational panel data set.
b. an observational cross minus sectional data set.
c. an ideal randomized controlled experiment.
d. an observational time series data set. - Answer- D
Data on hours spent training for a group of ten different employees for seven
consecutive days. Option _____ best describes this statement.
a. an observational panel data set.
b. an observational cross minus sectional data set.
c. an ideal randomized controlled experiment.
d. an observational time series data set. - Answer- A
Analyzing the behavior of unemployment rates across U.S. states in March of 2010 is
an example of using:
A.
time series data.
B.
panel data.
C.
, cross-sectional data.
D.
experimental data. - Answer- C
Analyzing the effect of minimum wage changes on teenage employment across the 48
continental U.S. states from 1980 to 2010 is an example of using:
A.
having a treatment group versus a control group, since only teenagers receive minimum
wages.
B.
time series data.
C.
cross-sectional data.
D.
panel data. - Answer- D
The accompanying graph is an example of:
x-axis: Year
y-axis: U.S. Unemployment Rate in %
A.
a time series.
B.
experimental data.
C.
longitudinal data.
D.
cross-sectional data. - Answer- A
The most frequently used experimental or observational data in econometrics are of the
following type:
A.
time series data.
B.
panel data.
C.
cross-sectional data.
D.
randomly generated data. - Answer- C
Econometrics can be defined as follows with the exception of:
A.
fitting mathematical economic models to real-world data.
B.
the science of testing economic theory.
C.
a set of tools used for forecasting future values of economic variables.
