If a Country's Saving Rate Declined,then Other Things the Same,in

question 112

Multiple Choice

If a country's saving rate declined,then other things the same,in the long run the country would have

• A)lower productivity,but not lower real GDP per person.
• B)lower productivity and lower real GDP per person.
• C)lower real GDP per person,but not lower productivity
• D)neither lower productivity nor lower real GDP per person.

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Definitions:

Response Variable

Another word for the dependent variable of interest.

Regression Analysis

A statistical method used to model the relationship between a dependent variable and one or more independent variables.

Dependent Variable

In statistical modeling, this is the variable being tested and measured to see if it is affected by changes in the independent variables.

Cook's D

A statistic used in regression analysis to identify influential data points that can disproportionately affect the results of the regression.