Complete 8 pages APA formatted article: Quantitative Analysis of Relationship between GDP and EE.

Complete 8 pages APA formatted article: Quantitative Analysis of Relationship between GDP and EE. The GDP per Capita and Education Expenditure per Capita are strongly correlated,&nbsp.r(46) = .967,&nbsp.p&nbsp.&lt. .001. Country’s GDP per Capita significantly predicts Education Expenditure per Capita,&nbsp.β = .967,&nbsp.t(46) = 25.64,&nbsp.p&nbsp.&lt. .001. Country’s GDP per Capita also explains a significant proportion of variance in Education Expenditure per Capita,&nbsp.R2&nbsp.= .935,&nbsp.F(1, 46) = 657.44,&nbsp.p&nbsp.&lt. .001. The linear regression equation is given byEducation Expenditure per Capita = -30.528 + 0.056(GDP per Capita).GDP can be divided into four classes as low income, low middle income, middle income, and high income. Besides, there are six world regions, as Africa, Asia, Europe, North America, Oceania, and South America. Figure 2 shows the GDP classes for all six-world regions. From figure 2, it can be seen that most of the high-income GDP class countries are in Europe and most of the low-income GDP class country’s are in Africa and Asia.The countries’ percentage of low income, low middle income, middle income, and high-income GDP in the world are 26.3%, 26.3%, 19.3%, and 28.1%, respectively.The countries’ percentage of low income, low middle income, middle income, and high-income GDP in Africa are 54.5%, 36.4%, 9.1%, and 0%, respectively.The countries’ percentage of low income, low middle income, middle income, and high-income GDP in Asia are 46.2%, 15.4%, 23.1%, and 15.4%, respectively.The countries’ percentage of low income, low middle income, middle income, and high-income GDP in Europe are 6.7%, 13.3%, 13.3%, and 66.7%, respectively.The countries’ percentage of low income, low middle income, middle income, and high-income GDP in North America are 14.3%, 42.9%, 14.3%, and 28.6%, respectively.The countries’ percentage of low income, low middle income, middle income, and high-income GDP in Oceania are 0%, 50%, 0%, and 50%, respectively.The countries’ percentage of low income, low middle income, middle income, and high-income GDP in South America are 14.3%, 28.6%, 57.1%, and 0%, respectively.