The following question are based on the following circular flow diagram:
-In the circular flow model,income to the household is,from the point of view of the firm that pays this income,the same things as
Definitions:
Moderately Strong Association
An intermediate level of correlation between two variables, indicating a significant but not perfect relationship.
Linear Association
A relationship between two variables that can be graphically represented as a straight line, showing how the change in one variable is associated with a change in another.
Positive Association
A relationship between two variables where an increase in one variable tends to occur with an increase in the other.
Little or No Association
A term describing a weak or non-existent relationship between two variables in a statistical analysis.
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