SCENARIO 14-3
An economist is interested to see how consumption for an economy (in $ billions) is influenced by
gross domestic product ($ billions) and aggregate price (consumer price index). The Microsoft Excel
output of this regression is partially reproduced below.
-Referring to Scenario 14-3, to test for the significance of the coefficient on aggregate price index, the value of the relevant t-statistic is
A) 2.365
B) 0.143
C) - 0.219
D) - 1.960

Question

SCENARIO 14-3
An economist is interested to see how consumption for an economy (in $ billions) is influenced by
gross domestic product ($ billions) and aggregate price (consumer price index). The Microsoft Excel
output of this regression is partially reproduced below. 
-Referring to Scenario 14-3, to test for the significance of the coefficient on aggregate price index, the value of the relevant t-statistic is
A) 2.365 
B) 0.143 
C) - 0.219 
D) - 1.960

Quizplus · Accepted Answer

The Answer of SCENARIO 14-3
An economist is interested to see how consumption for an economy (in $ billions) is influenced by
gross domestic product ($ billions) and aggregate price (consumer price index). The Microsoft Excel
output of this regression is partially reproduced below. 
-Referring to Scenario 14-3, to test for the significance of the coefficient on aggregate price index, the value of the relevant t-statistic is
A) 2.365 
B) 0.143 
C) - 0.219 
D) - 1.960

SCENARIO 14-3 an Economist Is Interested to See How Consumption for an for an Economy