This Table Lists Percent of GDP Spent on Health Care

question 29

Multiple Choice

This table lists percent of GDP spent on health care and life expectancy for a group of countries that are culturally similar to the United States. Using the online Pearson correlation coefficient in the link https://www.socscistatistics.com select the correct correlation coefficient between life expectancy and the % of GDP spent on health care for these countries.

-The relationship is:

• A) Significant at the P<.05 level
• B) Significant at the P<.01 level
• C) Marginally significant because the p value is between P<.05 and P<.10
• D) Not significant at any of the p-value levels

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Definitions:

Break Even

is the point at which total costs and total revenues are equal, meaning there is no net loss or gain, and it's a rephrased term for determining financial balance.

Variable Costs

Costs that vary directly with the level of production or output, such as raw materials and direct labor costs.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been deducted from revenues.

Variable Costs

Expenses that change in proportion to the production or sales figures, like direct labor and raw materials.