Derive the slope of the straight line

Reference no: EM133231865

Question - Direct Relationship BW Two Variables Is Height and Weight Questions

Give an example of a direct relationship between two variables. Why is this type of relationship sometimes referred to as a positive relationship? Next, Give an example of an inverse relationship between two variables. Why is this type of relationship sometimes referred to as a negative relationship? Finally, what is a complex relationship?

How do economists understand the nature of growth? For example, if US Nominal GDP (Gross Domestic Product not adjusted for inflation) was $20 trillion in 2018 and rose to $22 trillion in 2019, what was the rate of growth from 2018 to 2019? Is there more than one way to measure growth? If so, explain. What does a negative growth rate mean? Can you cite an example of a negative growth scenario?

Assume the following two sets of data points (15, 10) and (5, 30), derive the slope of the straight line connecting these two points. In relation to the two variables, what does the slope mean?

Reference no: EM133231865

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