(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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