TABLE 14-3 an Economist Is Interested to See How Consumption for an for an Economy

question 341

Multiple Choice

TABLE 14-3
An economist is interested to see how consumption for an economy (in $ billions) is influenced by gross domestic product ($ billions) and aggregate price (consumer price index) . The Microsoft Excel output of this regression is partially reproduced below.
-Referring to Table 14-3, to test whether aggregate price index has a positive impact on consumption, the p-value is

• A) 0.0001.
• B) 0.4165.
• C) 0.5835.
• D) 0.8330.

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Definitions:

Discrete Metric

A measurement used for data that can only take certain, distinct values within a mathematical or statistical model.

5-point Rating Scale

A 5-point rating scale is a survey tool that asks respondents to rate a question or statement on a five-point scale, typically ranging from strongly disagree to strongly agree.

Person's Height

A measurement of how tall an individual is, often recorded in centimeters or feet and inches in medical, nutritional, and various scientific studies.

Production Output

The total quantity of goods and services produced by a company or industry over a specific period of time.