A study finds that there is a strong correlation between the existence of democracy and the GDP

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A study finds that there is a strong correlation between the existence of democracy and the GDP of a country. Does this mean that when countries become richer they become more democratic?

Tell a story in which the correlation is the result of reverse causation. Tell a story in which the correlation is the result of an omitted variable.

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Economic Growth

ISBN: 398458

3rd International Edition

Authors: David N Weil

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