DEN NLD CAN AUS AUT CHE 7.5 NOR ISR FIN SWE FRA BEL MEX KOR ISLEGBR IRL USA CHL DEU 6.5 CZE ESP 6. ITA "SVN JAP "SVK POL 5.5 EST PRT GRC HUN 4.5 10000 20000 30000 40000 50000 60000 GDP per capita PPP US$ Figure 8 Life satisfactionin relation to GDP per capita for selected OECD countries Based on data from OECD (2013) The graph in Figure 8 plots a variable Y against a variable X for 32 OECD countries using 2010-11 data. Variable Y is an indicator of life satisfaction in a country Variable X is a measure of wealth (measured as GDP per person in US$ having taken into account the price level in each country). This question has two parts; please answer both part (i) and part (ii). i) By using Figure 8, the predicted values for life satisfaction for different countries may be ranked from lowest value to highest value. Which one of the following options gives a correct ranking? O Greece (GRC), Slovak Republic (SVK), Slovenia (SVN), Israel (ISR) O Slovak Republic (SVK), Israel (ISR), Slovenia (SVN). Greece (GRC) O Israel (ISR), Greece (GRC), Slovenia (SVN), Slovak Republic (SVK) O Slovak Republic (SVK), Slovenia (SVN), Greece (GRC), Israel (ISR) ii) Examine Figure 8 and complete the following sentences: The predicted value for Mexico (MEX) is an Choose. v compared with its actual value. The predicted value for Italy (ITA) is an Choose.. vcompared with its actual value. Average score of life satisfaction
DEN NLD CAN AUS AUT CHE 7.5 NOR ISR FIN SWE FRA BEL MEX KOR ISLEGBR IRL USA CHL DEU 6.5 CZE ESP 6. ITA "SVN JAP "SVK POL 5.5 EST PRT GRC HUN 4.5 10000 20000 30000 40000 50000 60000 GDP per capita PPP US$ Figure 8 Life satisfactionin relation to GDP per capita for selected OECD countries Based on data from OECD (2013) The graph in Figure 8 plots a variable Y against a variable X for 32 OECD countries using 2010-11 data. Variable Y is an indicator of life satisfaction in a country Variable X is a measure of wealth (measured as GDP per person in US$ having taken into account the price level in each country). This question has two parts; please answer both part (i) and part (ii). i) By using Figure 8, the predicted values for life satisfaction for different countries may be ranked from lowest value to highest value. Which one of the following options gives a correct ranking? O Greece (GRC), Slovak Republic (SVK), Slovenia (SVN), Israel (ISR) O Slovak Republic (SVK), Israel (ISR), Slovenia (SVN). Greece (GRC) O Israel (ISR), Greece (GRC), Slovenia (SVN), Slovak Republic (SVK) O Slovak Republic (SVK), Slovenia (SVN), Greece (GRC), Israel (ISR) ii) Examine Figure 8 and complete the following sentences: The predicted value for Mexico (MEX) is an Choose. v compared with its actual value. The predicted value for Italy (ITA) is an Choose.. vcompared with its actual value. Average score of life satisfaction
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Q10. Part part ii drop down boxes both give the options:
A: Overestimate
B: Underestimate
C: Accurate estimate
Transcribed Image Text:11
DEN
17
CAN AUS
NLD
7.5
AUT
CHE
NOR
ISR
FIN
SWE
FRA BEL
KOR ISL GBR
MEX
USA
IRL
CHL
DEU
6.5
CZE
ESP
ITA
JAP
"SVK SVN
5.5
POL
EST
PRT
HUN
GRC
5
4.5
10000
20000
30000
40000
50000
60000
GDP per capita PPP US$
Figure 8 Life satisfactionin relation to GDP per capita for selected OECD countries
Based on data from OECD (2013)
The graph in Figure 8 plots a variable Y against a variable X for 32 OECD countries using 2010-11 data.
Variable Y is an indicator of life satisfaction in a country. Variable X is a measure of wealth (measured as
GDP per person in US$ having taken into account the price level in each country). This question has
two parts; please answer both part (i) and part (ii).
i) By using Figure 8, the predicted values for life satisfaction for different countries may be ranked from
lowest value to highest value. Which one of the following options gives a correct ranking?
O Greece (GRC), Slovak Republic (SVK), Slovenia (SVN), Israel (ISR)
Slovak Republic (SVK), Israel (ISR), Slovenia (SVN), Greece (GRC)
O Israel (ISR), Greece (GRC). Slovenia (SVN), Slovak Republic (SVK)
O Slovak Republic (SVK), Slovenia (SVN), Greece (GRC), Israel (ISR)
ii) Examine Figure 8 and complete the following sentences:
The predicted value for MexiCo (MEX) is an
Choose,
v compared with its actual value.
The predicted value for Italy (ITA) is an
Choose.
V compared with its actual value.
PHILIPS
Average score of life satisfaction
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