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

question 184

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, the p-value for the regression model as a whole is

• A) 0.05.
• B) 0.01.
• C) 0.001.
• D) None of the above.

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Definitions:

Broad Plains

Expansive, flat areas of land with minimal elevation change, often found in the interior regions of continents.

Floodplain

The flat area adjacent to a river, prone to flooding during periods of high discharge, often fertile due to the deposition of sediments.

Delta

A landform created at the mouth of a river where it deposits sediment as it flows into another water body, such as an ocean or lake.

Waterfall

A steep descent of water within a stream, such as the place where it crosses a cliff or steep ledge.