Prostitution and Illegal Drug Consumption Are Not Included in the Official

question 44

Essay

Prostitution and illegal drug consumption are not included in the official GDP statistics. Is this necessarily a shortcoming?

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Definitions:

Curved Relationships

Relationships between two variables that do not follow a straight line when plotted on a graph, indicating a nonlinear association.

Explanatory Variables

Variables in a statistical model that are used to explain variations in the dependent variable, also known as independent variables.

Scatterplot

A type of graph used in statistics to display values for typically two variables for a set of data where the dots in the plot indicate the values obtained for each individual.

Explanatory Variable

A type of independent variable that is manipulated or categorized to measure its effect on a dependent variable.