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The following information regarding a dependent variable (y) and an independent variable (x) is provided.
SSE = 6
SST = 16
The least squares estimate of the y-intercept is
Government Spending
Expenditures by the government sector on goods and services, including infrastructure, public sector employees' wages, and social services.
Taxes
Mandatory monetary contributions or different forms of levies applied to taxpayers by government entities for the purpose of financing governmental operations and a range of public expenses.
Recession
A significant decline in economic activity across the economy, lasting longer than a few months, characterized by falling GDP, income, employment, manufacturing, and retail sales.
Liberal Economists
Economists who advocate for open markets, free trade, and minimal government intervention in the economy.
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