Answer Happy

8 7.5 00 5 Average score of life satisfaction 5.5 5 4.5 0000 ■ MEX CHL ■POL EST HUN ■ CZE ▪SVK PRT ISR KOR ISL ■ IRL SVN ITAL CAN AUS FIN FRA ESP I GBR JAP DEN AUT BEL DEU SWE NLD USA GRC 10000 20000 30000 40000 50000 60000 GDP per capita PPP US$ Figure 8 Life satisfactionin relation to GDP per capita for selected OECD countries Based on data from OECD (2013) The graph in Figure 8 plots a variable Y against a variable X for 32 OECD countries using 2010-11 data. Variable Y is an indicator of life satisfaction in a country. Variable X is a measure of wealth (measured as GDP per person in US$ having taken into account the price level in each country). This question has two parts; please answer both part (i) and part (ii). i) By using Figure 8, the predicted values for life satisfaction for different countries may be ranked from lowest value to highest value. Which one of the following options gives a correct ranking? Israel (ISR), Greece (GRC), Slovenia (SVN), Slovak Republic (SVK) Slovak Republic (SVK), Slovenia (SVN), Greece (GRC), Israel (ISR) Slovak Republic (SVK), Israel (ISR), Slovenia (SVN), Greece (GRC) Greece (GRC), Slovak Republic (SVK), Slovenia (SVN), Israel (ISR) ii) Examine Figure 8 and complete the following sentences: The predicted value for Mexico (MEX) is an Choose... compared with its actual value. The predicted value for Italy (ITA) is an Choose... CHE NOR compared with its actual value.
accurate estimate overestimate underestimate