This Table Lists Percent of GDP Spent on Health Care

question 44

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.

-What was the relationship of the correlation?

• A) Strong and negative
• B) Weak and- negative
• C) Strong and- positive
• D) Weak and positive

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Definitions:

Normal Balances

The typical balance sides (debit or credit) for different types of accounts in accounting, determining how increases or decreases are recorded.

Accumulated Depreciation

Accumulated depreciation represents the total amount of depreciation expense that has been recorded against a fixed asset over its useful life to reflect its loss of value.

Liabilities

Financial obligations or debts that a company owes to external parties, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Payable

An accounting term for the amount of money a company owes to its creditors or suppliers for goods and services purchased on credit.