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:

Trade Policy

Government regulations concerning international trade, including tariffs, trade agreements, and import/export controls, aimed at benefiting the country's economic interests.

Clinton Administration

The executive period of the United States, from 1993 to 2001, under President Bill Clinton.

Free Trade

The concept or policy allowing unrestricted import and export of goods and services between countries without tariffs, quotas, or other restrictions.

Unilateralism

A foreign policy approach where a country acts independently without consulting or seeking the approval of other nations.