Please the correct answer The following Table summarizes the main estimation results for the belowmodel:C= B0 + B1RT + B2ltt ɛ ...where(C) denotes total household Consumption in SL, (R) is the national Income, and(1) denotes the Taxes collected from the private sector. The time span goes from1974, 1st quarter, to 2010, 4th quarter and all the variables are expressed inmillion Rupees.Given the information in above table and the null that the marginal propensityto consumption (ß1) is one, against the alternative that it is less than one:а.The test statistic can be computed and the null is rejected in favor of thealternative hypothesis with a 5% significance.b.There is not enough information to test this hypothesis.C.None of the thesed.The test statistic can be computed and the null is not rejected in favor of thealternative hypothesis with a 5% significance.

The question of multiple linear regression. C=ß0+ß1Rt+ß2lt

Answered: Given the information in above table…

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Given the information in above table and the null that the marginal propensity to consumption (B1) is one, against the alternative that it is less than one: