TABLE 14-3
an Economist Is Interested to See How Consumption $\text {SUMMARY OUTPUT}$

question 14

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.
$\text {SUMMARY OUTPUT}$

$\begin{array}{lc}\hline \text { Regression Statistics } \\\hline \text {Multiple R} & 0.991 \\ \text {R Square }& 0.982 \\ \text {Adjusted R Square }& 0.976 \\ \text {Standard Error }& 0.299 \\ \text {Observations }& 10 \\\hline\end{array}$

ANOVA
$\begin{array}{lrrrrr}\hline & \text { d f}& \text { SS } & \text {MS } & \text { F } & \text {Significance F } \\\hline \text { Regression} & 2 & 33.4163 & 16.7082 & 186.325 & 0.0001 \\ \text {Residual }& 7 & 0.6277 & 0.0897 & & \\ \text {Total} & 9 & 34.0440 & & & \\\hline\end{array}$


$\begin{array}{lcccr}\hline & \text {Coefficients} & \text { Standard Error} & \text { t Stat }& \text { p -value} \\\hline \text {Intercept }& -0.0861 & 0.5674 & -0.152 & 0.8837 \\ \text {GDP} & 0.7654 & 0.0574 & 13.340 & 0.0001 \\ \text {Price }& -0.0006 & 0.0028 & -0.219 & 0.8330 \\\hline\end{array}$

-Referring to Table 14-3, what is the p-value for GDP?

• A) 0.001
• B) 0.05
• C) 0.01
• D) none of the above

---

Definitions:

Comprehensive Diversity Programs

Wide-ranging initiatives within organizations aimed at promoting and supporting diversity and inclusion among its members.

Structured Organizations

Organizations designed with clear roles, responsibilities, and reporting lines to achieve efficiency.

Comprehensive Diversity Programs

Initiatives and policies aimed at fostering an inclusive workplace by addressing various dimensions of diversity such as culture, gender, and race.

Political Response Continuum

A theoretical framework that outlines the range of responses or strategies organizations might adopt in reaction to political pressures or situations.