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Refer to Figure 6.1 for the following questions.
Figure 6.1
-Suppose the economy gains more capital per hour worked and experiences technological change. This is shown in Figure 6.1 by the movement from:
Small Correlations
Weak statistical relationships between two variables indicating that they are slightly related.
Statistically Significant
A determination in data analysis that suggests an observed effect is unlikely to have occurred by chance alone.
Ex Post Facto Design
Ex Post Facto Design is a research approach where investigators study variables after the events have occurred, analyzing the effects of naturally occurring differences without manipulation.
Correlational Study
A research method that examines the relationship between two or more variables to determine if a change in one is associated with a change in others.
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