Give an Example of a Pair of Variables Whose Linear

question 52

Essay

Give an example of a pair of variables whose linear correlation coefficient is likely to be close to zero.

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Definitions:

Remittances

Money sent by individuals working abroad back to their home countries, contributing to the economy.

Developed Countries

Nations with advanced industrial bases, high levels of income per capita, and varied economies, often characterized by stable governments and well-established infrastructures.

Capital Flight

The tendency for both human capital and financial capital to leave developing countries in search of higher expected rates of return elsewhere with less risk.

Remittances

Funds sent by individuals working abroad to people in their home country.