What Are the Consequences of Having a Restricted Range

question 32

Multiple Choice

What are the consequences of having a restricted range?

• A)Obtaining a smaller r than otherwise would be the case.
• B)Obtaining a larger r than otherwise would be the case.
• C)Having a curvilinear instead of a linear relationship.
• D)Having a correlation with a different direction than otherwise would be found.

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Definitions:

Absolute Income Gap

The absolute income gap measures the difference in income levels between individuals, households, or groups, without considering relative changes over time or comparisons.

Capital Flight

The sudden and large-scale withdrawal of capital or assets from a country due to economic or political instability.

"Brain Drain"

The emigration of highly trained or qualified people from a particular country.

Aggregate Demand

A schedule or curve that shows the total quantity of goods and services that would be demanded (purchased) at various price levels.