The Following Are Coefficients of Correlation (R)

question 88

Multiple Choice

The following are coefficients of correlation (r) . The one that indicates a strong negative linear relationship between the two variables of interest is:

• A) 0.8
• B) -0.9
• C) 0.9
• D) -1.3
• E) 1

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Definitions:

Economic Growth

Economic growth is the increase in the production of goods and services in an economy over a period, leading to a rise in the country's standard of living.

Trade Deficit

A trade deficit occurs when a country's imports exceed its exports during a given time period.

Balance of Payments

A financial statement that summarizes a country's financial transactions with the rest of the world for a specific period.

Rate of Exchange

The value of one currency for the purpose of conversion to another, indicating how much foreign currency can be exchanged for a unit of domestic currency.