Consider the statistics describing the developing countries in the following table:
Are these consistent with the economic growth model? Briefly explain.
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Definitions:
Coefficient of Correlation
A statistical measure that calculates the strength and direction of the relationship between two variables.
Linear Relationship
A type of correlation where there is a constant rate of change between two variables.
Dependent Variable
A variable in an experiment or study whose changes are determined by the presence or manipulation of one or more independent variables.
Independent Variable
A variable in statistical analysis that is manipulated or categorized to observe its effect on a dependent variable.
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