DrawHighlightCONFIDENTIALBT22203Holding the forelgn direct investment constant (X2), what will happen to the grossdomestic product (Y) if the corruption index (X3) increases by 1 percent?40,A. Gross domestic product will fall by $1.1921 billionB. Gross domestic product will fall by 1.1921 percentC. Gross domestic product will increase by $1.1921 billionD. Gross domestic product will increase by 1.1921 percentAnswer Question 41 – 45 based on the information below:Based on the following regression results (Y = demand, X = price):b10.6652ModelLog-linearby0.9649t= 9.696.1533C = 68.72-20654t = -13.13597,79t = 122.980.0013t = 15.903822Log-linLin-logt = 21.290,5331t = 74,11Lineart = 6.83Where X= 10562 and Y = 4346.41.What is the elasticity of demand with respect to price for the Log-linear model?A. 13.7306B. 1.2956C. 0,9649D. 0.8794What ic there to search五

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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

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 3.7P

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