TABLE 13-5 A Microeconomist Wants to Determine How Corporate Sales Are Influenced

question 209

Multiple Choice

TABLE 13-5
A microeconomist wants to determine how corporate sales are influenced by capital and wage spending by companies. She proceeds to randomly select 26 large corporations and record information in millions of dollars. The Microsoft Excel output below shows results of this multiple regression.

-Referring to Table 13-5, which of the following values for α is the smallest for which the regression model as a whole is significant?

• A) 0.00005
• B) 0.001
• C) 0.01
• D) 0.05

Understand the concept of forced savings programs and the difference between Medicare and Medicaid.

Recognize the role of federal legislation in shaping welfare and educational policies.

Explain the variance in welfare benefits and the concept of in-kind benefits.

Understand the societal shift in attitudes towards welfare and poverty due to historical events.

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Definitions:

Disposable Income

Funds households are left with for saving or expenditure after income taxes are taken out.

APC (Average Propensity to Consume)

The fraction of income that is spent on consumption as opposed to savings.

Disposable Income

The amount of money available to households for making purchases and savings after the removal of income taxes.

Saving

The act of setting aside a portion of current income for future use, or the portion of income not spent on current expenditures.