Graphs, Charts And Table With Relevant Examples - SS1 Economics Past Questions and Answers - page 1

Line graphs are particularly well-suited for illustrating trends and changes in a variable over a period of time. The x-axis typically represents time, and the y-axis represents the variable being measured.

Unfortunately, I can't create a visual line graph directly within this text-based format. However, I can describe how you would create the graph: 1. **Title:** Give the graph a clear title like "John's January Expenses." 2. **Axes:** * **X-axis (Horizontal):** Represents the different expense categories (Rent, Groceries, Entertainment, Transportation). * **Y-axis (Vertical):** Represents the amount spent in dollars ($). The scale should start at $0 and go up high enough to include the highest expense ($500 for rent). 3. **Plot the Points:** * For Rent, find $500 on the Y-axis and plot a point above the "Rent" category

1. Steps to Create a Bar Chart:

2. Choose a scale for the x-axis and y-axis.

3. Draw a vertical or horizontal axis for the y-axis and label it with the categories being compared (in this case, the dishes).

4. Draw bars for each category, with the height or length of each bar representing the value being compared (in this case, the number of customers who ordered each dish).

5. Label each bar with the corresponding dish.

6. Label the x-axis with the categories being compared (in this case, the dishes).

7. Title the graph.

 

Economic analysis utilizes all of the listed graph types. * **Line graphs:** Show trends over time. * **Bar graphs:** Compare different values. * **Pie charts:** Illustrate proportions. * **Scatter plots:** Show the relationship between two variables.

Steps to Create a Pie Chart:

i. Calculate the percentage of sales for each product category:

Product A: (40,000/100,000) x 100% = 40%

Product B: (30,000/100,000) x 100% = 30%

Product C: (20,000/100,000) x 100% = 20%

Product D: (10,000/100,000) x 100% = 10%

ii. Use the percentages to calculate the angle of each sector of the pie chart:

Product A: 40% x 360° = 144°

Product B: 30% x 360° = 108°

Product C: 20% x 360° = 72°

Product D: 10% x 360° = 36°

iii. Draw a circle and divide it into sectors with the calculated angles.

iv. Label each sector with the corresponding product category.