Economy 2019. The following dataset shows the average consumer prices of a given country and its unemployment rate for the year 2019 (https://www.imf.org/external/

pubs/ft/weo/2020/01/weodata/download.aspx).

Country Average Consumer Prices Unemployment Rate Australia 1.61 5.183 Austria 1.49 4.517 Belgium 1.249 5.358 Canada 1.949 5.667 Cyprus 0.556 7.075 Czech Republic 2.856 2.001 Denmark 0.729 5.033 Estonia 2.268 4.435 Finland 1.137 6.717 France 1.3 8.45 Germany 1.346 3.158 Greece 0.517 17.3 Hong Kong SAR 2.865 2.955 Iceland 3.013 3.55 Ireland 0.877 4.992 Israel 0.842 3.8

a) Find the correlation between the average consumer prices and the unemployment rate.

b) Make a scatterplot, and describe the trend.

c) Is the correlation you found in part a suitable to summarize the strength of the association?

d) What will the slope tell you for a linear equation for the plot in part a? Explain.