In this analysis, the my dependent variable is ____ and my independent variable is ______.

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BlackTom AI · Accepted Answer

The prompt asks us to identify the dependent variable and the independent variable in the stated analysis: 'In this analysis, my dependent variable is ____ and my independent variable is ______.'

First, recall the roles: the dependent variable is the outcome you are trying to explain or predict, while the independent variable is the predictor or factor you believe influences the outcome.

In this case, the provided answer indicates the pair: GDP Per Capita as the dependent variable and Economic Freedom Score as the independent variable. This means:
- Dependent variable: GDP Per Capita. This is the outcome being modeled or explained in the analysis. Researchers often look at how GDP per capita varies with changes in economic freedom.
- Independent variable: Economic Freedom Score. This is the predictor used to explain or account for variation in GDP per capita, under the assumption that higher economic freedom may influence economic performance.

Why this pairing makes sense conceptually:
- Economic freedom is often hypothesized to affect economic performance metrics such as GDP per capita. If a country has greater economic freedom (fewer regulatory barriers, property rights protections, open markets, etc.), theorists might expect higher GDP per capita as a result of better investment, entrepreneurship, and efficiency.
- GDP per capita is a standard macroeconomic outcome measure that reflects the average economic well-being per person, which researchers typically try to explain using policy or structural predictors like economic freedom.

Because the provided answer options are missing from the prompt, there is no alternative option to analyze for correctness within the list. If options were present, the reasoning would proceed by evaluating each option: confirming which variable is the outcome (dependent) and which serves as the input predictor (independent), and explaining why other pairings do not fit typical modeling conventions for this context.

In summary, the stated correct pairing—GDP Per Capita as the dependent variable and Economic Freedom Score as the independent variable—aligns with a common analytical approach where economic freedom is posited to influence economic performance measured by GDP per capita.

ECON&201 15109 Applied Economics: Economic Freedom vs GDP per Capita, Correlation Analysis

In this analysis, the my dependent variable is and my independent variable is __.

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