Question: Question 28 (3 points) Saved Referring to Table 7, one economy in the sample had an aggregate consumption level of $4 billion, a GDP of

Question 28 (3 points) Saved Referring to Table
Question 28 (3 points) Saved Referring to Table
Question 28 (3 points) Saved Referring to Table 7, one economy in the sample had an aggregate consumption level of $4 billion, a GDP of $6 billion, and an aggregate price level of 200. What is the residual for this data point? 1) -$0.39 billion O2) $4.39 billion 3) -$1.33 billion 4) $0.39 billion Question 29 (3 points) Referring to Table 7. to test for the significance of the coefficient on TABLE 7 An economist is interested to see how consumption for an economy (in 5 billions) is influenced by gross domestic product (5 billions) and aggregate price (consumer price index). The Microsoft Excel output of this regression is partially reproduced below SUMMARY OUTPUT Regression Statistics Multiple 0.991 R Square 0.982 Adjusted R Square 0.976 Standard Error 0.299 Observations 10 ANOVA 1325 Regression Residual Total 2. 7 MS 16.702 0.0897 Sigu 0.0001 SS 33.4163 0.6277 340440 I Intercept GDP Price Coefl -0.0561 0.7654 00006 Sidor 05674 0.0574 0 0028 Star -0.132 13.3.40 0219 Peale 0.837 0.0001 0.8330

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