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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Consider the following model: Y = β0 + β1X1t + β2X2t + γ3Yt-1.Using a sample of 36 months,we estimate this model and obtain the following results: yt = 1.33 + 17.6x1t + 0.94x2t + 0.39Yt-1
-If X1 were to increase by 1-unit in time t,by how much would we expect Y to change in period t?
Nurture
The process by which environmental factors contribute to the growth and development of an individual.
Plato
An ancient Greek philosopher who laid the foundational elements of Western philosophy and science.
Intelligence
Represents the capacity for learning, reasoning, understanding, and similar forms of mental activity; aptitude in grasping truths, relationships, facts, meanings, etc.
Culture
The collective beliefs, customs, arts, and technologies of a social group or society that are transmitted across generations.
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