What does the positive and statistically significant correlation suggest about real income per capita as a measure of welfare? O A. Since correlation does not mean causality, real income per capita should not be used to measure welfare O B. Real income per capita is a reliable though not perfect-indicator of human welfare within and across countries. OC. Correlation is a statistical quirk and suggests nothing about the use of real income per capita as a measure of welfare. O D. Real income per capita can be trusted to give unquestionable assessments of human welfare within and across countries

What does the positive and statistically significant correlation suggest about real income per capita as a measure of welfare? O A. Since correlation does not mean causality, real income per capita should not be used to measure welfare O B. Real income per capita is a reliable though not perfect-indicator of human welfare within and across countries. OC. Correlation is a statistical quirk and suggests nothing about the use of real income per capita as a measure of welfare. O D. Real income per capita can be trusted to give unquestionable assessments of human welfare within and across countries

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter20: Economic Growth

Section: Chapter Questions

Problem 4SCQ: Assume there are two countries: South Korea and the United States. South Korea grows at 4 and the...

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