The following table gives pairs of dependent and independent variables. In each case state whether you would
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Dependent variable Independent variable (a) GDP (b) Personal savings (c) Yield of crop (d) U.S. defense expenditure (e) Number of home runs hit by Rate of interest Rate of interest Raintall Soviet Union's defense expenditure Annual salary a star baseball player (f) A president's popularity (g) A student's first-year grade- Length of stay in office S.A.T score point average (h) A student's grade in econometrics () Imports of Japanese cars Grade in statistics U.S. per capita income
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a The response will depend on how the various components of GDP consumption expenditure inves...View the full answer
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