The figure above shows the log of UK real GDP per capita between 1875 and 1914....
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The figure above shows the log of UK real GDP per capita between 1875 and 1914. Which of the following is correct? Log of Real GDP per capita 10,5 10,0 9,5 9,0 8,5 8,0 7,5 1875 1890 1905 1920 1935 1950 1965 1980 y=0,0156x +7,7734 R² = 0,94451 5661 2010 O The growth of GDP in the 1950s was above the long-run average. O The growth of GDP in the 1880s was above the long-run average. In the figure the coefficient on x is 0.0156 and tells us the slope of the regression line (line of best fit). If, instead, this were 0.02 the line would be flatter. ● The slope of the blue line tells us the rate of growth of per capita GDP but can tell us nothing about the level. The figure above shows the log of UK real GDP per capita between 1875 and 1914. Which of the following is correct? Log of Real GDP per capita 10,5 10,0 9,5 9,0 8,5 8,0 7,5 1875 1890 1905 1920 1935 1950 1965 1980 y=0,0156x +7,7734 R² = 0,94451 5661 2010 O The growth of GDP in the 1950s was above the long-run average. O The growth of GDP in the 1880s was above the long-run average. In the figure the coefficient on x is 0.0156 and tells us the slope of the regression line (line of best fit). If, instead, this were 0.02 the line would be flatter. ● The slope of the blue line tells us the rate of growth of per capita GDP but can tell us nothing about the level.
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Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
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