Instruction 13-3
an Economist Is Interested to See How Consumption

question 29

Multiple Choice

Instruction 13-3
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.
SUMMARY
Regression Statistics
$\begin{array} { l l } \text { Multiple R } & 0.991 \\ \text { R Square } & 0.982 \\ \text { Adj. R Square } & 0.976 \\ \text { Std. Error } & 0.299 \\ \text { Observations } & 10 \end{array}$
ANOVA
$\begin{array} { l l l l l l } & \boldsymbol { d f } & \text { SS } & \text { MS } & \boldsymbol { F } & \text { Signiff } \\ \text { Regression } & 2 & 33.4163 & 16.7082 & 186.325 & 0.0001 \\ \text { Residual } & 7 & 0.6277 & 0.0897 & & \\ \text { Total } & 9 & 34.0440 & & & \\ & & & & & \\ & \text { Coeff } & \text { StaError } & \boldsymbol { t } \text { Stat } & \boldsymbol { P } \text {-Value } & \\ \text { Intercept } & - 1.6335 & 0.5674 & - 0.152 & 0.8837 & \\ \text { GDP } & 0.7654 & 0.0574 & 13.340 & 0.0001 & \\ \text { Price } & - 0.0006 & 0.0028 & - 0.219 & 0.8330 & \end{array}$ Note: Adj.R Square = Adjusted R Square;Std.Error = Standard Error
-Referring to Instruction 13-3,the p-value for GDP is

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

Understand the characteristics and impacts of Peter the Great's rule over Russia.

Analyze the centralization of power in France's monarchy during the age of absolutism.

Grasp the philosophical underpinnings of absolute monarchy as exemplified by Thomas Hobbes' Leviathan.

Acknowledge the religious policies and their implications for political power during Louis XIV's reign.

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Definitions:

Motivation

The psychological processes that arouse and direct goal-directed behavior.

Drive-Reduction Theory

A motivational theory proposing that humans are motivated to reduce internal states of tension and psychological discomfort, seeking to restore homeostasis.

Drives

Psychological triggers that stimulate an organism to action toward a specific goal or fulfillment of a need.

Needs

Basic requirements for human survival and well-being, such as food, water, protection, and love.