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

question 99

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, the value of the relevant t-statistic is

• A)2.365
• B)0.143
• C)- 0.219
• D)- 1.960

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