Unemployed
the Data Below Are for the Number of Unemployed

question 99

Short Answer

Unemployed
The data below are for the number of unemployed persons (in millions)and the federal unemployment insurance payments (in billions of dollars)for the years 1978 - 1985.Some economists state that these two variables are positively related.
$\begin{array}{|l|l|l|l|l|l|l|l|l}\hline \text { Year } & \mathbf{1 9 7 8} & \mathbf{1 9 7 9} & \mathbf{1 9 8 0} & \mathbf{1 9 8 1} & \mathbf{1 9 8 2} & \mathbf{1 9 8 3} & \mathbf{1 9 8 4} & \mathbf{1 9 8 5} \\\hline \text { Federal Unemployment Insurance Payments } & 11.8 & 10.7 & 18.0 & 19.7 & 23.7 & 31.5 & 18.4 & 16.8 \\\hline \text { Number of Unemployed Persons } & 6.2 & 6.1 & 7.6 & 8.3 & 10.7 & 10.7 & 8.5 & 8.3\end{array}$

-Assume that a simple linear regression model is appropriate for these data.Identify the dependent and independent variables.
Dependent variable Y: _______________________________
Independent variable X: ______________________________

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Definitions:

Democratic

Pertaining to a form of government in which power is vested in the hands of the people, directly or through elected representatives.

Class Inequality

Disparities in access to resources, opportunities, and privileges among different social classes within a society, often stemming from economic disparities.

Horticultural Societies

Those in which people domesticate plants and use simple hand tools to garden. Such societies first emerged about 10,000 years ago. Horticulture increases the food supply and makes it more dependable. This increases average settlement size and permanence, the division of labor, productivity, and inequality above the levels typical of foraging societies.

Agricultural Society

A society primarily engaged in agriculture, focusing on farming and livestock raising as its main economic activities.