The excel sheet is the data that corresponds to the questions. Thank you.

the excel graph in the photo is to be used in the calculations for the questions

year 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 13 3.41 2.93 2.38 2.78 3.16 3.55 3.95 4.88 4.32 5.34 6.68 6.46 4.35 4.07 7.04 7.89 5.84 4.99 5.27 7.22 10.04 11.51 14.03 10.69 8.63 9.58 7.48 5.98 5.82 6.69 8.12 7.51 5.42 3.45 3.02 4.29 5.51 inf r3 cons C ge gy ge 1 le ly 2.71 8.892189 9,060016. 0.7 1530.1 606.3 687.4 1.7 1565.4 615.4 717.4 2 1 1615.8 1 1693.7 646.5 660 1.3 1755.5 177830 8604.285 180671 8664,368 183691 8796.294 186538 9079.651 189242 9276.482 191889 9807.232 194303 10304.52 196560 10717.34 198712 11063.25 626.7 746.5 783.4 818.7 868.4 914.6 961 1007.6 1.37 1881.9 692.5 1.6 2002.2 729,3 769.2 2.9 2106.6 3.1 2198.4 781.4 4.2 2298.2 816.9 1059.6 5.5 2373.6 5.7 838.6 1110.8 859.1 1155.4 874.5 1197.9 912.9 1262.5 2465.6 2564 2680,8 44 3.2 6.2 2869,4 11 2847 9.1 2895 5.8 r3 1293.7 7274.925 1332.8 7376.945 1.23 8.906115 9.066975 0139256 006959 1373.2 7475.597 1.38 8.919399 9.082086 0132847 015111 0139256 006959 1. 1429.9 7665.462 1.78 8.94448 9.113791 .0250807 0317059 0132847 015111 L 1478.7 7813.804 1.86 8.963647 9.135238 .0191669 0214462 0250807 0317059 1 1560.9 8134.39 2.25 9.003856 9.190875 0402088 0556374 0191669 0214462 12 1643.9 8460.497 2.35 9.043163 9.240338 0393076 0494633 0402088 0556374 2. 17302 8802.401 1.98 9.08278 9.279618 0396166 0392799 0393076 0494633 2 1789 9002.979 1.22 9.10531 9.311384 0225306 0317659 0396166 0392799 1. 200706 11450.58 1876.5 9349,496 1.14 9.143078 9.345796 0377674 0344114 0225306 0317659 13 202677 11711.25 1949.4 9618.26 1.18 9.171418 9.368305 .0283403 0225096 0377674 0344114 1. 205052 12024.27 2014.5 9824.337 0.7600002 9.192618 9.394682 0212002 0263767 0283403 0225096 207661 12347,05 2072.4 9979.727 -0.05 9.208311 9.421172 0156927 0264902 0212002 0263767 209896 12772.04 2175.4 10364.18 0.8700001 9,246111 9,455013 0377998 0338411 0156927 0264902 -0 942.9 13194 211909 13540.72 2262.3 10675.81 0.8400002 9.275736 9.513456 0296249 0584431 0377998 0338411 8 924.5 1351.2 213854 13312.82 2275.7 10641.37 -3.11 9.272505 9.496483-003231 0169735 0296249 0584431 & 938.3 1398.3 215973 13404.45 23366 10818.95 -3.26 9.289054 9.503343 .0165491 0068598 -003231 0169735 -3 3008 984.8 1457.1 218035 13795.95 2441.9 11199.58 -0.81 9.323631 9,53213 0345774 0287876 0165491 0068598 DI 3105.1 1010.4 1518.2 220239 14098.78 2528.6 11481.16 -1.23 9.348463 9.553843 0248318 0217133 0345774 0287876 138 3264.2 1045.7 222585 14664.96 2635 11838.17 -0.38 9.379085 9.593216 0306215 0393724 0248318 0217133 3353.9 1069,7 1639.8 225055 14902.58 2709.5 12039.28 -1.26 9.39593 9.609289 0168457 0160732 0306215 0393724 N 1670.7 227726 14812.98 2735.8 12013.56 -1.99 9.393791 9.603259-0021391 0060301 0168457 0160732 al 1696.1 229966 15012.22 2770.4 12047 3.73 9.396571 9.61662 00278 013361 -0021391-0060301-1 1728.2 232188 15000.78 2808.8 12097.09 4.49 9400721 9.615857 .0041494 -0007629 00278 013361 1809 234307 15278,67 29214 12468 26 5.43 9.430942 9.634213 0302211 0183563 0041494 -0007629 4. 1883 236348 16255.69 3034.8 12840.39 5.28 9.460351 9.696198 0294094 061985 030221 0183563 5. 238466 16600,27 3155.6 13232.91 3.88 9.490462 9.717175 0301113 0209761 0294094 061985 240651 16983.1 3257.3 13535.37 4,08 9.513062 9.739974 0225992 0227995 0301113 0209761 242804 17108,86 33662 13863.86 2.22 9.537041 9,747352 0239792 0073776 0225992 0227995 41 245021 17623.39 3486.8 14230.62 2.59 9.563151 9.776982 0261106 0296307 0239792 0073776 247342 17804.09 3565.8 14416.48 3.32 9.576127 9.787184 0129757 0102015 0261106 0296307 2 249913 17944.64 3637.4 14554.67 2.11 9.585667 9,795047 0095396 007863 0129757 0102015 252650 17757.77 3643.9 14422.72 1.22 9.57656 9.784578-0091066-0104685 0095396 007863 2 255419 18063,26 3731.2 14608.15 0.45 9.589335 9.801636 0127754 0170574 -0091066-0104685 1. 258137 18079.16 3815.5 14780.91 0.02 9.601091 9.802515 0117559 0008793 0127754 0170574 A 260660 18331.16 3911.9 15007.67 1.69 9.616317 9.816358 0152254 0138426 0117559 0008793 0 263034 18802.89 3998.9 15202.98 2.71 9.629247 9,841766 0129299 0254087 0152254 0138426 1. 6.5 7,6 1589.3 11.3 13.5 3373.3 1065.1 10.3 3452.3 1074.3 6.2 3483 1080.6 3.2 3579,9 1112.4 4.3 3842 1151.8 3.6 3958,6 1178.3 1977.3 1.9 4087 1215.9 20414 3.6 4154,1 1239.3 21269 4318.1 1274.4 2212.4 4.1 4.8 5.4 4403.7 4484.6 4486.5 4.2 3 1303.5 2262 3 1316.1 2321.3 1302.9 2341 4613.7 1321.8 2409.4 2466.7 2521.4 2577 3 4666.9 1348.8 1390.5 2.6 4778.2 2.8 4945.8 1421.9 ndisp monde rserv pop S le ly ge gy ge_1 gy_1 13 1 le ly 1 ge 2 gy 2 13 2 le ly 2 85 1293.7 7274.925 2.71 8.892189 9,060016. 68 1.23 8.906115 9.066975 0139256 006959 2.71 0.160861678267 594 1.23 -0.162686-1608601 2.71 -1678267 -1608601 -1626863 -1693115 34 -1715908 -1870193 -197175 -1968384 -2060738 -2027178 -196887 05 114 1332.8 7376.945 1373.2 7475.597 1.38 8.919399 9.082086 .0132847 015111 0139256 006959 51 1429.9 7665.462 1.78 8.94448 9.113791 0250807 0317059 0132847 015111 1.38 -0.169312-1626863 0139256 006959 1.23 82 1478.7 7813.804 1.86 8.963647 9.135238 0191669 0214462 0250807 0317059 1.78 -0.171591-1693115 0132847 015111 1.38 32 1560.9 8134.39 2.25 9.003856 9.190875 0402088 0556374 0191669 0214462 1.86 -0.187019-1715908 0250807 0317059 1.78 52 1643.9 8460.497 2.35 9.043163 9.240338 0393076 0494633 0402088 0556374 2.25 -0.197175-1870193 0191669 0214462 1.86 1730.2 8802.401 1.98 9.08278 9.279618 0396166 0392799 0393076 0494633 2.35 -0.196838-197175 0402088 0556374 2.25 25 1789 9002.979 1.22 9.10531 9.311384 0225306 0317659 0396166 0392799 1.98 -0.206074-1968384 0393076 0494633 2.35 58 1876.5 9349.496 1.14 9.143078 9.345796 0377674 0344114 0225306 0317659 1.22 -0.202718-2060738 0396166 0392799 1.98 25 1949,4 9618.26 1.18 9.171418 9.368305 0283403 0225096 0377674 0344114 1.14 -0.196887-2027178 0225306 0317659 1.22 27 2014.5 9824.337 0.7600002 9.192618 9.394682 0212002 0263767 0283403 0225096 1.18 -0.202064-196887 0377674 0344114 1.14 2072.4 9979.727 -0.05 9.208311 9.421172 0156927 0264902 0212002 0263767 7600002 -0.212861-2020636 0283403 0225096 1.18 2175.4 10364.18 0.87000011 9,246111 9455013 0377998 0338411 0156927 0264902 -.0500002 -0.208902-2128611 0212002 0263767 7600002 -2020636 2262.3 10675.81 0.8400002 9.275736 9.513456 0296249 0338411 870000100000803172-2089024 0156927 0264902 -0500002 -2128611 82 2275.7 10641.37 -3.11 9.272505 9.496483-003231 0584431 8400002 -0.223978-2377205 0377998 0338411 870000100-2089024 45 2336,6 10818.95 9.503343 0165491 0169735 -3.11 -0.214289-223978 0296249 0584431 8400002 -2377205 2441.9 11199.58 9.53213 0345774 0068598 -3.26 2528.6 11481.16 0287876 -8100004 2635 11838.17 0217133 -1.23 58 2709.5 12039.28 2735.8 12013.56 2770.4 12047 2808.8 12097.09 2921.4 12468.26 3034,8 12840.39 72 95 0584431 0377998 0169735 0296249 0068598 -003231 0287876 0165491 0248318 021 03457 9.593216 .0306215 0393724 0248318 9.609289 0168457 0160732 0306215 0393724 -3800001 9.603259-0021391 0060301 0168457 0160732 -1.26 -0.208499-2142887-003231 0169735 -3.11 -3.26 9.289054 -0.81 9.323631 -1.23 9.348463 9.5 -0.38 9.379085 -1.26 9.39593 -1.99 9.393791 78 96 -0.20538-208499 0165491 -0.2141312053804 0345774 -223978 0068598 -3.26 -2142887 0287876 -8100004 -208499 -2053804 98 22 3.73 9.396571 78 67 69 -2200489 -2151365 -2032719 2358475 27 3155.6 13232.91 3.1 3257.3 13535.37 36 3366.2 13863.86 39 3486.8 14230.62 19 3565.8 14416.48 64 3637.4 14554.67 77 26 -2267122 4.49 9400721 5.43 9.430942 5.28 9.460351 3.88 9490462 4.08 9.513062 2.22 9.537041 2.59 9.563151 3.32 9.576127 2.11 9.585667 1.22 9,57656 0.45 9.589335 0.02 9,601091 1.69 9616317 2.71 9.629247 -0.213359-2141314 0248318 0217133 -1.23 -0.209468-2133589 0306215 0393724 -3800001 21413141 -0.220049-2094679 0168457 0160732 -1.26 -2133589 -0.215136-2200489 -0021391-0060301 -1.99 -2094679 -0.203272-2151365 00278 013361 3.73 -0.235848-2032719 0041494 0007629 4.49 -0.226712-2358475 030221 0183563 5.43 -0.226912-2267122 0294094 061985 5.28 -0.210311-2269125 0301113 0209761 3.88 -0.213831-2103109 0225992 0227995 4.08 -0.211057-2138309 0239792 0073776 2.22 -0.20938-2110567 0261106 0296307 2.59 -0.208018-2093801 0129757 0102015 3.32 -0.2123-2080183 0095396 007863 2.11 -0.201424-2123003-0091066 0104685 1.22 -0.200041-2014236 0127754 0170574 45 -0.21252-2000408 0117559 0008793 02 9.61662 00278 013361 -0021391-0060301 -1.99 9.615857 0041494 0007629 00278 013361 3.73 9,634213 030221 0183563 0041494 0007629 4.49 9.696198 0294094 061985 030221 0183563 5.43 9.717175 0301113 02009761 0294094 061985 5.28 9.739974 0225992 0227995 0301113 0209761 3.88 9.747352 0239792 0073776 0225992 0227995 4.08 9.776982 0261106 0296307 0239792 0073776 2.22 9,787184 0129757 0102015 0261106 0296307 2.59 9,795047 0095396 007863 0129757 0102015 3.32 9.784578-0091066 -0104685 0095396 007863 2.11 9.801636 0127754 0170574-0091066 -0104685 1.22 9.802515 0117559 0008793 0127754 0170574 45 9.816358 0152254 0138426 0117559 0008793 02 9.841766 0129299 0254087 0152254 0138426 1.69 -2269125 -2103109 -2138309 3643.9 14422.72 3731.2 14608.15 3815.5 14780.91 3911.9 15007.67. 3998.9 15202.98 -2110567 -2093801 -2080183 16 -2123003 -2014236 16 89 rcons r3 le ly -0.167827 Estimate a simple regression model relating growth in real per capita consumption (of nondurables and services) to the growth in real per capita disposable income. Use the change in natural logarithms in both cases. The estimated equation is: ge the consumption growth on average by The coefficient on gy, indicates that a 1-percentage-point increase in the income growth approximately percentage points. True or False: The coefficient on gy, is not statistically significant against the two-sided alternative at the 5% significance level. True False (ii) Add a lag of the growth in real per capita disposable income to the equation from part (1) The estimated equation is: ge There is strong evidence of adjustment lags in consumption growth at the 5% significance level. True False Add the real interest rate to the equation from part (i). The estimated equation is: ge gy, + 13. The real interest rate affects consumption growth at the 5% significance level. True False year 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 13 3.41 2.93 2.38 2.78 3.16 3.55 3.95 4.88 4.32 5.34 6.68 6.46 4.35 4.07 7.04 7.89 5.84 4.99 5.27 7.22 10.04 11.51 14.03 10.69 8.63 9.58 7.48 5.98 5.82 6.69 8.12 7.51 5.42 3.45 3.02 4.29 5.51 inf r3 cons C ge gy ge 1 le ly 2.71 8.892189 9,060016. 0.7 1530.1 606.3 687.4 1.7 1565.4 615.4 717.4 2 1 1615.8 1 1693.7 646.5 660 1.3 1755.5 177830 8604.285 180671 8664,368 183691 8796.294 186538 9079.651 189242 9276.482 191889 9807.232 194303 10304.52 196560 10717.34 198712 11063.25 626.7 746.5 783.4 818.7 868.4 914.6 961 1007.6 1.37 1881.9 692.5 1.6 2002.2 729,3 769.2 2.9 2106.6 3.1 2198.4 781.4 4.2 2298.2 816.9 1059.6 5.5 2373.6 5.7 838.6 1110.8 859.1 1155.4 874.5 1197.9 912.9 1262.5 2465.6 2564 2680,8 44 3.2 6.2 2869,4 11 2847 9.1 2895 5.8 r3 1293.7 7274.925 1332.8 7376.945 1.23 8.906115 9.066975 0139256 006959 1373.2 7475.597 1.38 8.919399 9.082086 0132847 015111 0139256 006959 1. 1429.9 7665.462 1.78 8.94448 9.113791 .0250807 0317059 0132847 015111 L 1478.7 7813.804 1.86 8.963647 9.135238 .0191669 0214462 0250807 0317059 1 1560.9 8134.39 2.25 9.003856 9.190875 0402088 0556374 0191669 0214462 12 1643.9 8460.497 2.35 9.043163 9.240338 0393076 0494633 0402088 0556374 2. 17302 8802.401 1.98 9.08278 9.279618 0396166 0392799 0393076 0494633 2 1789 9002.979 1.22 9.10531 9.311384 0225306 0317659 0396166 0392799 1. 200706 11450.58 1876.5 9349,496 1.14 9.143078 9.345796 0377674 0344114 0225306 0317659 13 202677 11711.25 1949.4 9618.26 1.18 9.171418 9.368305 .0283403 0225096 0377674 0344114 1. 205052 12024.27 2014.5 9824.337 0.7600002 9.192618 9.394682 0212002 0263767 0283403 0225096 207661 12347,05 2072.4 9979.727 -0.05 9.208311 9.421172 0156927 0264902 0212002 0263767 209896 12772.04 2175.4 10364.18 0.8700001 9,246111 9,455013 0377998 0338411 0156927 0264902 -0 942.9 13194 211909 13540.72 2262.3 10675.81 0.8400002 9.275736 9.513456 0296249 0584431 0377998 0338411 8 924.5 1351.2 213854 13312.82 2275.7 10641.37 -3.11 9.272505 9.496483-003231 0169735 0296249 0584431 & 938.3 1398.3 215973 13404.45 23366 10818.95 -3.26 9.289054 9.503343 .0165491 0068598 -003231 0169735 -3 3008 984.8 1457.1 218035 13795.95 2441.9 11199.58 -0.81 9.323631 9,53213 0345774 0287876 0165491 0068598 DI 3105.1 1010.4 1518.2 220239 14098.78 2528.6 11481.16 -1.23 9.348463 9.553843 0248318 0217133 0345774 0287876 138 3264.2 1045.7 222585 14664.96 2635 11838.17 -0.38 9.379085 9.593216 0306215 0393724 0248318 0217133 3353.9 1069,7 1639.8 225055 14902.58 2709.5 12039.28 -1.26 9.39593 9.609289 0168457 0160732 0306215 0393724 N 1670.7 227726 14812.98 2735.8 12013.56 -1.99 9.393791 9.603259-0021391 0060301 0168457 0160732 al 1696.1 229966 15012.22 2770.4 12047 3.73 9.396571 9.61662 00278 013361 -0021391-0060301-1 1728.2 232188 15000.78 2808.8 12097.09 4.49 9400721 9.615857 .0041494 -0007629 00278 013361 1809 234307 15278,67 29214 12468 26 5.43 9.430942 9.634213 0302211 0183563 0041494 -0007629 4. 1883 236348 16255.69 3034.8 12840.39 5.28 9.460351 9.696198 0294094 061985 030221 0183563 5. 238466 16600,27 3155.6 13232.91 3.88 9.490462 9.717175 0301113 0209761 0294094 061985 240651 16983.1 3257.3 13535.37 4,08 9.513062 9.739974 0225992 0227995 0301113 0209761 242804 17108,86 33662 13863.86 2.22 9.537041 9,747352 0239792 0073776 0225992 0227995 41 245021 17623.39 3486.8 14230.62 2.59 9.563151 9.776982 0261106 0296307 0239792 0073776 247342 17804.09 3565.8 14416.48 3.32 9.576127 9.787184 0129757 0102015 0261106 0296307 2 249913 17944.64 3637.4 14554.67 2.11 9.585667 9,795047 0095396 007863 0129757 0102015 252650 17757.77 3643.9 14422.72 1.22 9.57656 9.784578-0091066-0104685 0095396 007863 2 255419 18063,26 3731.2 14608.15 0.45 9.589335 9.801636 0127754 0170574 -0091066-0104685 1. 258137 18079.16 3815.5 14780.91 0.02 9.601091 9.802515 0117559 0008793 0127754 0170574 A 260660 18331.16 3911.9 15007.67 1.69 9.616317 9.816358 0152254 0138426 0117559 0008793 0 263034 18802.89 3998.9 15202.98 2.71 9.629247 9,841766 0129299 0254087 0152254 0138426 1. 6.5 7,6 1589.3 11.3 13.5 3373.3 1065.1 10.3 3452.3 1074.3 6.2 3483 1080.6 3.2 3579,9 1112.4 4.3 3842 1151.8 3.6 3958,6 1178.3 1977.3 1.9 4087 1215.9 20414 3.6 4154,1 1239.3 21269 4318.1 1274.4 2212.4 4.1 4.8 5.4 4403.7 4484.6 4486.5 4.2 3 1303.5 2262 3 1316.1 2321.3 1302.9 2341 4613.7 1321.8 2409.4 2466.7 2521.4 2577 3 4666.9 1348.8 1390.5 2.6 4778.2 2.8 4945.8 1421.9 ndisp monde rserv pop S le ly ge gy ge_1 gy_1 13 1 le ly 1 ge 2 gy 2 13 2 le ly 2 85 1293.7 7274.925 2.71 8.892189 9,060016. 68 1.23 8.906115 9.066975 0139256 006959 2.71 0.160861678267 594 1.23 -0.162686-1608601 2.71 -1678267 -1608601 -1626863 -1693115 34 -1715908 -1870193 -197175 -1968384 -2060738 -2027178 -196887 05 114 1332.8 7376.945 1373.2 7475.597 1.38 8.919399 9.082086 .0132847 015111 0139256 006959 51 1429.9 7665.462 1.78 8.94448 9.113791 0250807 0317059 0132847 015111 1.38 -0.169312-1626863 0139256 006959 1.23 82 1478.7 7813.804 1.86 8.963647 9.135238 0191669 0214462 0250807 0317059 1.78 -0.171591-1693115 0132847 015111 1.38 32 1560.9 8134.39 2.25 9.003856 9.190875 0402088 0556374 0191669 0214462 1.86 -0.187019-1715908 0250807 0317059 1.78 52 1643.9 8460.497 2.35 9.043163 9.240338 0393076 0494633 0402088 0556374 2.25 -0.197175-1870193 0191669 0214462 1.86 1730.2 8802.401 1.98 9.08278 9.279618 0396166 0392799 0393076 0494633 2.35 -0.196838-197175 0402088 0556374 2.25 25 1789 9002.979 1.22 9.10531 9.311384 0225306 0317659 0396166 0392799 1.98 -0.206074-1968384 0393076 0494633 2.35 58 1876.5 9349.496 1.14 9.143078 9.345796 0377674 0344114 0225306 0317659 1.22 -0.202718-2060738 0396166 0392799 1.98 25 1949,4 9618.26 1.18 9.171418 9.368305 0283403 0225096 0377674 0344114 1.14 -0.196887-2027178 0225306 0317659 1.22 27 2014.5 9824.337 0.7600002 9.192618 9.394682 0212002 0263767 0283403 0225096 1.18 -0.202064-196887 0377674 0344114 1.14 2072.4 9979.727 -0.05 9.208311 9.421172 0156927 0264902 0212002 0263767 7600002 -0.212861-2020636 0283403 0225096 1.18 2175.4 10364.18 0.87000011 9,246111 9455013 0377998 0338411 0156927 0264902 -.0500002 -0.208902-2128611 0212002 0263767 7600002 -2020636 2262.3 10675.81 0.8400002 9.275736 9.513456 0296249 0338411 870000100000803172-2089024 0156927 0264902 -0500002 -2128611 82 2275.7 10641.37 -3.11 9.272505 9.496483-003231 0584431 8400002 -0.223978-2377205 0377998 0338411 870000100-2089024 45 2336,6 10818.95 9.503343 0165491 0169735 -3.11 -0.214289-223978 0296249 0584431 8400002 -2377205 2441.9 11199.58 9.53213 0345774 0068598 -3.26 2528.6 11481.16 0287876 -8100004 2635 11838.17 0217133 -1.23 58 2709.5 12039.28 2735.8 12013.56 2770.4 12047 2808.8 12097.09 2921.4 12468.26 3034,8 12840.39 72 95 0584431 0377998 0169735 0296249 0068598 -003231 0287876 0165491 0248318 021 03457 9.593216 .0306215 0393724 0248318 9.609289 0168457 0160732 0306215 0393724 -3800001 9.603259-0021391 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061985 5.28 -0.210311-2269125 0301113 0209761 3.88 -0.213831-2103109 0225992 0227995 4.08 -0.211057-2138309 0239792 0073776 2.22 -0.20938-2110567 0261106 0296307 2.59 -0.208018-2093801 0129757 0102015 3.32 -0.2123-2080183 0095396 007863 2.11 -0.201424-2123003-0091066 0104685 1.22 -0.200041-2014236 0127754 0170574 45 -0.21252-2000408 0117559 0008793 02 9.61662 00278 013361 -0021391-0060301 -1.99 9.615857 0041494 0007629 00278 013361 3.73 9,634213 030221 0183563 0041494 0007629 4.49 9.696198 0294094 061985 030221 0183563 5.43 9.717175 0301113 02009761 0294094 061985 5.28 9.739974 0225992 0227995 0301113 0209761 3.88 9.747352 0239792 0073776 0225992 0227995 4.08 9.776982 0261106 0296307 0239792 0073776 2.22 9,787184 0129757 0102015 0261106 0296307 2.59 9,795047 0095396 007863 0129757 0102015 3.32 9.784578-0091066 -0104685 0095396 007863 2.11 9.801636 0127754 0170574-0091066 -0104685 1.22 9.802515 0117559 0008793 0127754 0170574 45 9.816358 0152254 0138426 0117559 0008793 02 9.841766 0129299 0254087 0152254 0138426 1.69 -2269125 -2103109 -2138309 3643.9 14422.72 3731.2 14608.15 3815.5 14780.91 3911.9 15007.67. 3998.9 15202.98 -2110567 -2093801 -2080183 16 -2123003 -2014236 16 89 rcons r3 le ly -0.167827 Estimate a simple regression model relating growth in real per capita consumption (of nondurables and services) to the growth in real per capita disposable income. Use the change in natural logarithms in both cases. The estimated equation is: ge the consumption growth on average by The coefficient on gy, indicates that a 1-percentage-point increase in the income growth approximately percentage points. True or False: The coefficient on gy, is not statistically significant against the two-sided alternative at the 5% significance level. True False (ii) Add a lag of the growth in real per capita disposable income to the equation from part (1) The estimated equation is: ge There is strong evidence of adjustment lags in consumption growth at the 5% significance level. True False Add the real interest rate to the equation from part (i). The estimated equation is: ge gy, + 13. The real interest rate affects consumption growth at the 5% significance level. True False