In October 2020, How Much Did the World Bank Estimate

question 18

Multiple Choice

In October 2020, how much did the World Bank estimate that the GDP in Sub-Saharan Africa would decline?

• A) 1 per cent
• B) 5 per cent
• C) 7 per cent
• D) 2 per cent
• E) 3 per cent

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Definitions:

Regression Model

A statistical approach to modeling the relationship between a dependent variable and one or more independent variables.

Relationship Between Two Variables

A statistical or causal connection between two types of variables or data sets.

Quantitative Data

Numerical information that represents the quantity or amount of something, allowing for measurement and statistical analysis.

Y-intercept

The point where a line or curve intersects the y-axis of a graph, often representing the value of the dependent variable when the independent variable is zero.