A Correlation Coefficient of -.89 Indicates A(n)

question 325

Multiple Choice

A correlation coefficient of -.89 indicates a(n)

• A)weak negative correlation.
• B)strong negative correlation.
• C)cause and effect relationship.
• D)error in computation.

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Definitions:

Economic Growth

An increase in the production of goods and services over a specific period, often measured as the rate of increase in gross domestic product (GDP).

Shift

A change in the position of a demand or supply curve on a graph, indicating a change in the quantity demanded or supplied at any given price.

Capital Stock

The total amount of physical goods that are used for production of other goods and services.

Economy

The large set of inter-related production, consumption, and exchange activities that aid in determining how scarce resources are allocated.