SCENARIO 13-3 an Economist Is Interested to See How Consumption for an for an Economy

question 26

Multiple Choice

SCENARIO 13-3
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 SCENARIO 13-3, to test for the significance of the coefficient on aggregate price index, the p-value is

• A)0.0001
• B)0.8330
• C)0.8837
• D)0.9999

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Definitions:

Flexibility

The ability to adapt to new, different, or changing requirements and situations.

Time Urgency

A feeling of pressure to complete tasks and meet deadlines quickly, often associated with stress and a hallmark of Type A personality traits.

Belief System

A set of principles or tenets that form the foundation of a person's understanding of the world, guiding behavior and thought.

General Adaptation Syndrome

A theoretical framework describing the body's short-term and long-term reactions to stress, proposed by Hans Selye.