TABLE 14-3 an Economist Is Interested to See How Consumption for an for an Economy

question 276

Multiple Choice

TABLE 14-3
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 Table 14-3, to test whether aggregate price index has a negative impact on consumption, the p-value is

• A) 0.0001.
• B) 0.4165.
• C) 0.8330.
• D) 0.8837.

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Definitions:

Rapidly Developing

Experiencing fast growth or advancement, often used to describe economies, technologies, or industries.

Market

An area or arena in which commercial dealings are conducted, including the buying and selling of goods and services.

Segmented Components

Parts or sections of a product designed to be easily separable, often for customization, maintenance, or recycling purposes.

Services

Economic activities that typically produce an intangible product (such as education, entertainment, lodging, government, financial, and health services).