The Table Below Shows the Civilian Unemployment Rate (%) and the Growth

question 119

Multiple Choice

The table below shows the civilian unemployment rate (%) and the growth rate of GDP (%) in the United States from 2009 to 2012 (Economic Report of the President) .Treating the data as a sample, compute the correlation coefficient of the two sets of values.

• A)-0.58
• B)-0.52
• C)-0.31
• D)0.03
• E)0.25

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Definitions:

Diminishing Returns

A principle stating that if one factor of production is increased while others are held constant, the overall returns will eventually decrease after a certain point.

Variable Cost

Costs that vary directly with the level of production or output, such as materials and labor used in the production process.

Output

The total amount of goods and services produced by an economy, company, or machine over a specified period.

Output

The amount of products or services that are generated by a company, sector, or nation within a specific timeframe.