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ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
- Calculate and interpret the Coefficient of Correlation between the following indicators:
GDP (Current $US) and Goods exports (BoP, current US$)

Transcribed Image Text:1 Country Name Fiji
2
Indicator Name GDP (current $US)
112328422.1
3 1960
4 1961
116987784.9
5 1962
122906435
6 1963
7 1964
8 1965
9 1966
10 1967
11 1968
12 1969
13 1970
14 1971
15 1972
16 1973
17 1974
18 1975
19 1976
20 1977
21 1978
22 1979
23 1980
24 1981
25 1982
26 1983
27 1984
28 1985
29 1986
30 1987
31 1988
129454728.6
140032741.5
147084750
150603925.5
162625885.9
166952937.1
182182067.7
219878482.2
247749327.7
316650509
425963359.4
558589870.9
684268280.8
694552411.7
719533137.1
829239489.8
1019743927
1202567359
1235665809
1194122694
1123107276
1177997414
1141123440
1290228617
1177908192
1109976928
D
Fiji
Fiji
Goods exports (BoP, Net official development
current US$)
270166705.2
373561368.6
314722248.9
286943410.2
240919470.5
258092426.1
235272870.5
275849081.9
328494000.5
372869703
assistance received (constant
10739999.77
9640000.343
100040000.9
40389999.39
30329999.92
36250000
32529998.78
22010000.23
51630001.07
69809997.56
50950000.76
69040000.92
50259998.32
78129997.25
68849998.47
84099998.47
106489997.9
92040000.92
87709999.08
91150001.53
89059997.56
99800003.05
88430000.31
84680000.31
82709999.08
86650001.53
94989997.86
69120002.75
92470001.22
Fiji
External debt stocks,
total (DOD, current US$)
11665440
14810208.6
20721484.6
47197248
54507121.5
59299120.5
63899866.3
120597359.1
103213454.6
141674748.1
216321921.5
276430731.2
302393413.9
332406077.7
314560182.5
335680653.4
339619142.3
364679007.7
370909718.9
Fiji
Military
expenditure
413396.8127
535616.7685
787703.1062
931727.0694
1353022.08
2056253.749
2751430.02
3651464.946
7239265.398
9572320.678
10367191.75
11361681.76
14939154.85
15102947.83
15601330.13
14008928.96
14591259.37
25131445.66
24673835.53
G
Fiji
Final consumption
expenditure (current
894127139.4
974782354.3
952826040.3
963401179.9
959728431.6
945310332.9
993748786.3
976570463.9
948710060.8

Transcribed Image Text:32 1989
33 1990
34 1991
35 1992
36 1993
37 1994
38 1995
39 1996
40 1997
41 1998
42 1999
43 2000
44 2001
45 2002
46 2003
47 2004
48 2005
49 2006
50 2007
51 2008
52 2009
53 2010
54 2011
55 2012
56 2013
57 2014
58 2015
59 2016
60 2017
61 2018
62 2019
63 2020
1182686577
1337024782
1383843860
1532401863
1636074718
1825763268
1970347721
2128696644
2090184941
1653160862
1936484565
1678239218
1652464201
1833279985
2300453634
2708078477
2980484920
3076305453
3378314600
3523185920
2870624636
3140181444
3779378134
3972012571
4189915667
4857220602
4682546881
4930204220
5353404419
5581371848
5481675173
4477040340
377123595.5
415555768.1
362574823.4
349769265.6
370936096.4
490190386.7
519649206
672201239.9
535646873.4
428927346.1
537716570.4
530125262.7
496959366.8
464124766.1
651015610.4
634301946.2
680569041.2
659151820.7
722647098.9
901997972.2
615098781.7
819747577.5
1071737361
1205131844
1143327159
1208532271
970193385.8
921839857.5
987051789.2
1003626840
1026264878
819285988.1
70610000.61
81319999.69
71519996.64
98709999.08
89629997,25
57450000.76
57750000
59569999.69
61150001.53
54919998.17
47950000.76
42349998.47
41250000
49729999.54
65269996.64
78339996.34
77809997.56
66940002.44
54150001.53
46389999.39
66319999.69
69809997.56
61450000.76
87389999.39
80459999.08
85569999.69
109470001.2
123989997.9
148990005.5
120959999.1
142860000.6
316399872
318026329.3
282093980.4
257427622.5
246248945.3
196861157.8
183417026
165771501
158130798.8
140365632.2
203848126.2
194527935.4
181389690.1
211378367.3
258131310.3
263742090.4
302666509.7
373224464.8
397932776.2
689116436.7
1067927269
1107442022
1355509518
1270343618
1284885601
1291245045
1232759435
1297960843
1267715374
1245387658
1344060627
1518014489
29083211.42
30542031.59
32482582.88
30539125.34
32041095.62
33665273.34
34700248.16
32851136.61
30962540.18
22598926.93
23811699.72
32039537.35
32811655.82
30914304.27
37296898.08
46798811.28
43111350.29
54067168.06
75576918.3
53585658.62
51285722.32
50408953.71
60785527.47
59221516.41
58108276.9
74787941.13
42617557.6
54411608
75276555.01
81378313.57
79497171.86
73510781.83
1063567721
1208124114
1241365546
1326246174
1358953172
1456160781
1580830548
1586973562
1582046131
1182252869
1277467506
1249412760
1210225775
1283231972
1568519886
1764512406
2768866884
2919347967
3034012793
3287996737
2652227233
2741880154
3205195182
3407651880
3560302704
3786928102
3621853547
3960758104
4288693212
4512216154
4475513794
3789452693
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