(a) If per capita GDP rises by $1,000, by how much does the % of GDP spent on health change?(b) If the slope coefficient equals zero what is the implied income elasticity of health ex- penditures? Explain.(c) Test at 5% whether or not there is a relationship between healthgdp and gdppc. Variablenamecountry_namestr15intfloatintinf_mortality floatlife_mexpecta~y floatfloatfloatyearhexp_gdphexp_pcgdp_pcuhat.Storage DisplaytypeSourceSorted by: country_name yearModelResidualTotalValueformat label%15s%9.0g%8.0gSS%8.0g%8.0g%8.0g%8.0g%9.0gNote: Dataset has changed since last saved.regress hexp_gdp gdp_pc14.7013391122.548369137.249708df.00004737.273534hexp_gdp Coefficient Std. err.gdp_pc_consVariable label.MSCountry name, OECDYear, 2000 to 2009Total expenditure on health, % GDPTotal expenditure on health, /capita, US$ PPPInfant mortality, Deaths per 1,000 live birthsLife expectancy, Male population at birth, in YearsGDP per capita, PPP (current international US$) WBResiduals14.7013391132 3.82963652.0000242.89401333 4.15908205Number of obs =F(1, 32)Prob > F=R-squared==Adj R-squared =Root MSE=343.840.05880.10710.07921.9569t P>|t| [95% conf. interval]1.96 0.0598.14 0.000-1.88e-065.45249.00009659.094579

(a) If per capita GDP rises by $1,000, by how much does the % of GDP spent on health change? (b) If the slope coefficient equals zero what is the implied income elasticity of health ex- penditures? Explain. (c) Test at 5% whether or not there is a relationship between healthgdp

(a) If per capita GDP rises by $1,000, by how much does the % of GDP spent on health change? (b) If the slope coefficient equals zero what is the implied income elasticity of health ex- penditures? Explain. (c) Test at 5% whether or not there is a relationship between healthgdp

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

100%

Variable
name
country_name
str15
int
float
int
inf_mortality float
life_mexpecta~y float
float
float
year
hexp_gdp
hexp_pc
gdp_pc
uhat
.
Storage Display
type
Source
Sorted by: country_name year
Model
Residual
Total
Value
format label
%15s
%9.0g
%8.0g
SS
%8.0g
%8.0g
%8.0g
%8.0g
%9.0g
Note: Dataset has changed since last saved.
regress hexp_gdp gdp_pc
14.7013391
122.548369
137.249708
df
.0000473
7.273534
hexp_gdp Coefficient Std. err.
gdp_pc
_cons
Variable label.
MS
Country name, OECD
Year, 2000 to 2009
Total expenditure on health, % GDP
Total expenditure on health, /capita, US$ PPP
Infant mortality, Deaths per 1,000 live births
Life expectancy, Male population at birth, in Years
GDP per capita, PPP (current international US$) WB
Residuals
14.7013391
1
32 3.82963652
.0000242
.894013
33 4.15908205
Number of obs =
F(1, 32)
Prob > F
=
R-squared
=
=
Adj R-squared =
Root MSE
=
34
3.84
0.0588
0.1071
0.0792
1.9569
t P>|t| [95% conf. interval]
1.96 0.059
8.14 0.000
-1.88e-06
5.45249
.0000965
9.094579

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Step 3: b. If the slope coefficient equals zero, the implied income elasticity of health expenditure is,

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