The Interpretation of the Slope Coefficient in the Model $\ln \left( Y _ { i } \right) = \beta _ { 0 } + \beta _ { 1 } \ln \left( X _ { i } \right) + u _ { i }$

question 43

Multiple Choice

The interpretation of the slope coefficient in the model $\ln \left( Y _ { i } \right) = \beta _ { 0 } + \beta _ { 1 } \ln \left( X _ { i } \right) + u _ { i }$
is as follows:

• A) a 1 % change in X is associated with a \(\beta _ { 1 } \%\) change in Y .
• B) a change in X by one unit is associated with a \(\beta _ { 1 }\) change in Y .
• C) a change in X by one unit is associated with a 100 \(\beta _ { 1 } \%\) change in Y .
• D) a 1 % change in X is associated with a change in Y of 0.01 \(\beta _ { 1 }\)

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Definitions:

Quality Of Death

An assessment of how peacefully and comfortably an individual passes away, taking into account pain management, emotional well-being, and dignity at the end of life.

Spouses

Married partners or life partners in a committed relationship, recognized legally or socially.

Good Death

A concept referring to dying in a way that is consistent with the dying person's values, preferences, and in some cases, with minimal suffering.

Bereavement

The period of mourning and grief following the death of a loved one.