I have always thought when people use the phrase "That would be correct", it is always followed by some "if" statement; for example,
Jane: "Is it correct to say that people are allowed to turn right when the traffic light is red?"
Tom: "That would be correct if they live in Canada or US."
But how should I interpret the sentence "That would be correct" when there is no "if" statement that follows? For example, I was having some conversation with my teacher:
me: "Is this statement correct?"
Teacher: "Yes. That statement would be correct."
How should I interpret the teacher's sentence?