Consider a panel regression of unemployment rates for the G7 countries (United States, Canada, France, Germany, Italy, United Kingdom, Japan)on a set of explanatory
Variables for the time period 1980-2000 (annual data).If you included entity and time
Fixed effects, you would need to specify the following number of binary variables:
A)21.
B)6.
C)28.
D)26.

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The Answer of Consider a panel regression of unemployment rates for the G7 countries (United States, Canada, France, Germany, Italy, United Kingdom, Japan)on a set of explanatory
Variables for the time period 1980-2000 (annual data).If you included entity and time
Fixed effects, you would need to specify the following number of binary variables:
A)21.
B)6.
C)28.
D)26.

Consider a Panel Regression of Unemployment Rates for the G7