GDP Impact for Education, Healthcare and Military
Overview of GDP (USD)
Correlation between Education and GDP (USD)
Correlation between Healthcare and GDP (USD)
Correlation between Military and GDP (USD)
Conclusion
As can be seen from the bar chart, the overall GDP increased year by year from 2010 to 2016. The us has the largest share of GDP, while Mexico and South Korea have the fewest.
We can see from the graphs of scatter and trendline that spending on education and health care is proportional to GDP. Military spending, on the other hand, begins to move inversely to GDP at a certain point.
Forecast
GDP Trend
The trend of GDP growth is slow year by year. Based on the relationship between education expenditure and healthcare expenditure and GDP, I predict that education and healthcare expenditure will also decline after 2016 as GDP declines. The current peak of GDP has not yet reached the turning point of military spending, so I believe that military spending will also decline with GDP.