According to the Regression Analysis Output Below, How Much of the Variability

question 101

Multiple Choice

According to the regression analysis output below, how much of the variability in tourism revenue is accounted for by the number of foreign visitors?

• A)63.4 %
• B)13.8 %
• C)2.58 billion $
• D)21.464 %
• E)3.73 billion $

---

Definitions:

Surplus

The situation in which the quantity of a good produced exceeds the quantity demanded, often leading to a decrease in prices.

Production

The method of producing products and services by merging work, materials, and technology.

Inefficient Allocations

Situations where resources are not optimally distributed, often leading to waste or unmet potential within an economy or system.

Price Ceilings

A cap set by the government on the maximum price that can be asked for a good, service, or resource.