Consider the following estimated model based on monthly data of Australian manufacturing exports (EXP) measured in thousand dollars, ĒXP = 346. 05 + 7. 93t Where t is a measure of time. Which of the following is a correct statement about the growth of EXP? O EXP grows by 346.05 dollars on average every month. O EXP; grows by 7930 dollars on average every month. O EXP grows by 7.93% on average every month. O EXP grows by 793 dollars on average every month.

Consider the following estimated model based on monthly data of Australian manufacturing exports (EXP) measured in thousand dollars, ĒXP = 346. 05 + 7. 93t Where t is a measure of time. Which of the following is a correct statement about the growth of EXP? O EXP grows by 346.05 dollars on average every month. O EXP; grows by 7930 dollars on average every month. O EXP grows by 7.93% on average every month. O EXP grows by 793 dollars on average every month.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 25CTQ: Cross country comparisons of GDP per capita typically use purchasing power parity equivalent...

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