Given the following: GDPi = + COR + e 0 1 i i Nation COR GDP Bulgaria 6.7 4,100 Canada 0.8 22,400 Chile

Given the following:

GDPi = ˆ + ˆ COR + e 0 1 i i Nation COR GDP Bulgaria 6.7 4,100 Canada 0.8 22,400 Chile 3.1 12,500 China 6.6 3,600 Where COR measures corruption in a nation on a scale of 0 (least) to 10 (most) and GDP measures output in dollars per capita.
(A) Calculate the values of the structural parameters for the regression above.
(B) Interpret the values of the structural parameters.
(C) Calculate r 2 for this regression.
(D) Interpret the value of r 2 for this regression.
(E) Calculate the SER for this regression.
(F) Interpret the value of the SER for this regression.
(G) Does this regression have a good fit? Explain.
(H) Calculate the standard error of the slope coefficient.
(I) Interpret the standard error of the slope coefficient.
(J) Would you be surprised if the slope coefficient equaled −3,342.80 if you re-ran this regression with data on four different countries? Explain.