3.2 An economist examining the relationship between gross domestic product (GDP), consumption (CONS) and investment (INV

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3 2 An Economist Examining The Relationship Between Gross Domestic Product Gdp Consumption Cons And Investment Inv 1 (46.68 KiB) Viewed 23 times

3.2 An economist examining the relationship between gross domestic product (GDP), consumption (CONS) and investment (INV) produced the following results: GDP = 199.56 +0.82CONS, +0.35INV; (Se) (3.82) (0.07) (0.15) N=30 (1) Test the following hypothesis at 10% level of significance using the test of significance approach [5] H:Ba = 0 H: B3 + 0 3.3 Consider the following regression output Y; = 118.91 - 7.90X; +1.8632 (Se) (6.35) (1.096) (0.683) N=23 (0) Test the following hypothesis at 1% level of significance using the test of significance approach [5] Ho:B2 20 H:B2 <0