A Correlation Coefficient of 1

question 16

True/False

A correlation coefficient of 1.0 between variables X and Y indicates that there is a perfect linear relationship between these two variables.

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Definitions:

Saving Rate

The proportion of disposable income that individuals or households save rather than spend on consumption.

U.S. Economy

The economic system of the United States, characterized by a mixed economy that includes private enterprise alongside limited government involvement.

International Trade

The exchange of goods, services, and capital across international borders or territories.