Holding the foreign direct investment constant (X2), what will happen to the gross domestic product (Y) if the corruption index (X3) increases by 1 percent? 40. A. Gross domestic product will fall by $1.1921 billion B. Gross domestic product will fall by 1.1921 percent C. Gross domestic product will increase by $1.1921 billion D. Gross domestic product will increase by 1.1921 percent
Holding the foreign direct investment constant (X2), what will happen to the gross domestic product (Y) if the corruption index (X3) increases by 1 percent? 40. A. Gross domestic product will fall by $1.1921 billion B. Gross domestic product will fall by 1.1921 percent C. Gross domestic product will increase by $1.1921 billion D. Gross domestic product will increase by 1.1921 percent
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![Draw
Highlight
CONFIDENTIAL
BT22203
Holding the forelgn direct investment constant (X2), what will happen to the gross
domestic product (Y) if the corruption index (X3) increases by 1 percent?
40,
A. Gross domestic product will fall by $1.1921 billion
B. Gross domestic product will fall by 1.1921 percent
C. Gross domestic product will increase by $1.1921 billion
D. Gross domestic product will increase by 1.1921 percent
Answer Question 41 – 45 based on the information below:
Based on the following regression results (Y = demand, X = price):
b1
0.6652
Model
Log-linear
by
0.9649
t= 9.69
6.1533
C = 68.72
-20654
t = -13.13
597,79
t = 122.98
0.0013
t = 15.90
3822
Log-lin
Lin-log
t = 21.29
0,5331
t = 74,11
Linear
t = 6.83
Where X= 10562 and Y = 4346.
41.
What is the elasticity of demand with respect to price for the Log-linear model?
A. 13.7306
B. 1.2956
C. 0,9649
D. 0.8794
What ic the
re to search
五](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe875068a-d9c6-4158-8e31-3faab3646fa9%2F0f13b44d-ec18-441a-a918-fbaa7641fa72%2F7y8iew5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Draw
Highlight
CONFIDENTIAL
BT22203
Holding the forelgn direct investment constant (X2), what will happen to the gross
domestic product (Y) if the corruption index (X3) increases by 1 percent?
40,
A. Gross domestic product will fall by $1.1921 billion
B. Gross domestic product will fall by 1.1921 percent
C. Gross domestic product will increase by $1.1921 billion
D. Gross domestic product will increase by 1.1921 percent
Answer Question 41 – 45 based on the information below:
Based on the following regression results (Y = demand, X = price):
b1
0.6652
Model
Log-linear
by
0.9649
t= 9.69
6.1533
C = 68.72
-20654
t = -13.13
597,79
t = 122.98
0.0013
t = 15.90
3822
Log-lin
Lin-log
t = 21.29
0,5331
t = 74,11
Linear
t = 6.83
Where X= 10562 and Y = 4346.
41.
What is the elasticity of demand with respect to price for the Log-linear model?
A. 13.7306
B. 1.2956
C. 0,9649
D. 0.8794
What ic the
re to search
五
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