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

question 352

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 GDP is

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

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Definitions:

Lincoln

The 16th President of the United States, Abraham Lincoln, known for leading the country during the Civil War and abolishing slavery.

1860 Election

The presidential election in which Republican Abraham Lincoln defeated three other candidates, leading to the secession of Southern states.

Presidential Candidate

A person who is nominated or runs for election to the office of the President.

Southern States

Refers to the states located in the southern region of the United States, historically characterized by distinct cultural, economic, and historical traits.