Maha Amer
Assignment 1 (Interpretation of The Data)
I will choose Inflation, Inflation, GDP deflator (annual %), life expectancy at birth, total
(years), and Unemployment, total (% of total labor force) (national estimate). According to my
graph, because the scatter points weren’t clear enough for me to understand the correlation
between the 2 variables, I added a tradeline and observed.
For the log GDP and life expectancy at birth graph, because the trend line is a positive
slope, there is a correlation between these variables. When log GDO increases, life expectancy
typically increases. However, it seems that the correlation is week because the points are
scattered further away from the line and each other. When I tried the log GDP per capita, I found
that the variables were also positively correlated and the points were relatively close to each
other and the line, which implies a strong correlation between the variables.
For the log GDP and inflation GDP deflator graph, the trend line was negatively sloping
which indicates a negative correlation. The points were relatively far from the line which implies
a weak negative correlation. As GDP increases, inflation decreases and vice versa. I tried using
the log GDP per capita and inflation GDP deflator in another graph. I found that the trend line
was also negatively sloping which indicates a negative correlation between the variables. On the
other hand, the points were closer to the lines and each other which typically implies that the
correlation is stronger.
Lastly, for the log GDP and unemployment graph, I concluded that there is a positive
slop which indicates a positive correlation between the correlation. As GDP increases,
unemployment also increases, which seems reasonable. The points are relatively far away from
each other and the lines which indicates a weak correlation. Further, I used log GDP per capita
and the trend line graph and concluded the same results as using log GDP.
GDP still isn’t measuring well-being using my graph because life expectancy, inflation,
and unemployment aren’t indicators of well-being. To an extent, people with jobs and countries
with less inflation are probably better off because, to some degree, they are living an affordable
life, but it still doesn’t measure other factors like leisure, environmental condition, and inflation
which are important factors of well-being.