QUESTION 14The Coefficient of Correlation between GDP and Labor Force in NJ during 1997-2020 is 1 0.80 0.90 -0.80

Now correlation coefficient(r) =sqrt(R-square)=sqrt(0.68476576)=0.827505746

Answered: Labor Force in NJ during 1997-2020

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Economics

Labor Force in NJ during 1997-2020

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter5: Gross Domestic Product

Section: Chapter Questions

Problem 14SQ

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QUESTION 14

The Coefficient of Correlation between GDP and Labor Force in NJ during 1997-2020 is

1

0.80

0.90

-0.80

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