You Have Collected Data for the 50 U $\widehat{\Delta u r}$

question 56

Multiple Choice

You have collected data for the 50 U.S. states and estimated the following relationship between the change in the unemployment rate from the previous year ( $\widehat{\Delta u r}$ ) and the growth rate of the respective state real GDP (g_y) . The results are as follows $\widehat{\Delta u r}$ = 2.81 - 0.23 $\times$ g_y, R²= 0.36, SER = 0.78 (0.12) (0.04)
Assuming that the estimator has a normal distribution, the 95% confidence interval for the slope is approximately the interval

• A)[2.57, 3.05]
• B)[-0.31,0.15]
• C)[-0.31, -0.15]
• D)[-0.33, -0.13]

---

Definitions:

Structural Factors

Elements or conditions inherent to the social, economic, or political structure that influence and determine individual behaviors and societal outcomes.

Socioeconomic Status

An individual's or group's position within a hierarchical social structure, often determined by a combination of income, education, and occupation.

Occupational Prestige

The collective societal respect, admiration, or regard given to certain professions or lines of work, often based on perceived skill level, education required, and social value.

Social Position

An individual's or group's status and role in society, determined by various factors such as occupation, class, gender, and ethnicity.