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

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 18P

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