The second column in the data table includes information for the real Gross National Product (Real GNP)
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Question:
The second column in the data table includes information for the real Gross National Product (Real GNP) in USA over the period 2000-2014.
(a) Calculate the growth rate of Real GNP in every year. It is given that Real GNP growth rate = (RealGNPt - RealGNPt-1) / RealGNPt-1. Alternatively, you could aslo use: RealGNP growth rate = log(RealGNPt) - log(RealGNPt-1. (Note, that the growth rate cannot be calculated for 2000, so the first observation will be missing).
(b) Ho: ?=0 against the alternative H1: ??0.
(c) Ho: ?=0 against the alternative H1: ?
(d) Ho: ?=0 against the alternative H1: ?>0.
Related Book For
Principles of Corporate Finance
ISBN: 978-1260013900
13th edition
Authors: Richard Brealey, Stewart Myers, Franklin Allen
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