What does the positive and statistically significant correlation suggest about real income per capita as a measure of welfare? O A. Since correlation does not mean causality, real income per capita should not be used to measure welfare O B. Real income per capita is a reliable though not perfect-indicator of human welfare within and across countries. OC. Correlation is a statistical quirk and suggests nothing about the use of real income per capita as a measure of welfare. O D. Real income per capita can be trusted to give unquestionable assessments of human welfare within and across countries

What does the positive and statistically significant correlation suggest about real income per capita as a measure of welfare? O A. Since correlation does not mean causality, real income per capita should not be used to measure welfare O B. Real income per capita is a reliable though not perfect-indicator of human welfare within and across countries. OC. Correlation is a statistical quirk and suggests nothing about the use of real income per capita as a measure of welfare. O D. Real income per capita can be trusted to give unquestionable assessments of human welfare within and across countries

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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In 2012, Northland had real GDP of $4.21 billion and a population of 2.98 million. In 2013, real GDP was $4.59 billion and population was 2.97 million. Northland's real GDP per person in 2013 was Select one: OA. $132. O B. $1.41. O C. $380. O D. $1,545. O E. $1,413.
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Which statement is true? The fewest number of people in the United States are in the middle class. O The least number of people in the United States are in the working class. O The greatest number of people in the United States are in the working class. The largest number of people in the United States are in the middle class.
006.25.0 - MC - MANK08 D Over the last century, U.S. real GDP per person grew at a rate of about a. 2 percent per year, so that it is now 2 times as high as it was a century ago. Ob. 2 percent per year, so that it is now 8 times as high as it was a century ago. O c. 4 percent per year, so that it is now 2 times as high as it was a century ago. d. 4 percent per year, so that it is now 8 times as high as it was a century ago. D
1) If a county becomes less likely to default on its bonds, what happens to that country’s interest rate and exchange rate? Explain. 2)
7 ASAP
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