Question: Use the estimated regression equation and variable descriptions below to answer the following questions. Based on the estimated regression above, which of the following would
Use the estimated regression equation and variable descriptions below to answer the following questions. Based on the estimated regression above, which of the following would be the correct coefficient interpretation for the ln(GDPPC) variable? Assume it is statistically significant at the 5% level. Question 13 options: As GDPPC increases by 1%, Socioeconomic Status increases by 0.5652%, on average and all else constant. As GDPPC increases by 1%, Socioeconomic Status increases by 0.6452%, on average and all else constant. As the natural log of GDPPC increases by 1%, the natural log of Socioeconomic Status increases by 0.6425%, on average and all else constant. As GDPPC increases by $1, Socioeconomic Status increases by 0.6452%, on average and all else constant. As the natural log of GDPPC increases by 1%, the natural log of Socioeconomic Status increases by 0.5652%, on average and all else constant
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