There are two basic types of economic data: cross-sectional datacross-sectional dataCross-sectional data, or a cross section of a study population, in statistics and econometrics is a type of data collected by observing many subjects (such as individuals, firms, countries, or regions) at the one point or period of time. The analysis might also have no regard to differences in time.https://en.wikipedia.org › wiki › Cross-sectional_dataCross-sectional data - Wikipedia and time series data. There are also hybrid data structures that combine features of cross-sectional and time series data sets; some examples include pooled cross-section time-series data, and panel or longitudinal data.
What are the three types of economic data?
There are three types of economic indicators: leading indicators, lagging indicators, and coincident indicators.
What are sources of economic data?
Income, output, savings, investment, balance of payments, etc.
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Employment, prices, productivity
Government budget, spending, revenue
Office of Management and Budget (OMB)
What are 4 examples of economic indicators?
Economic indicators include various indices, earnings reports, and economic summaries: for example, the unemployment rate, quits rate (quit rate in American English), housing starts, consumer price index (a measure for inflation), Inverted yield curve, consumer leverage ratio, industrial production, bankruptcies, gross
What are examples of economic data?
- Gross Domestic Product (GDP)
- The Stock Market.
- Unemployment.
- Consumer Price Index (CPI)
- Producer Price Index (PPI)
- Balance of Trade.
- Housing Starts.
- Interest Rates.
What is called an economy?
An economy is the large set of inter-related production, consumption, and exchange activities that aid in determining how scarce resources are allocated.
Where can I get free economic data?
- Resources for Teaching about International Trade and Tariffs.
- FRED at the Federal Reserve Bank of St.
- Trading Economics.
- US Bureau of Economic Analysis (BEA)
- US Census Bureau Economic Indicators.
- US Bureau of Labor Statistics (BLS)
- World Bank.
- United Nations Statistic Division.
Where can I find U.S. economic data?
- FRED database. User-friendly database of U.S. and international time series data maintained by the Federal Reserve Bank of St.
- Bureau of Labor Statistics (BLS)
- Bureau of Economic Analysis (BEA)
- NBER Data Library.
- Congressional Budget Office (CBO)
- More U.S. macro data.