In the following equation, refers to gross domestic product, refers to domestic bank credit issued and refers to foreign direct investment. Which of the following statements is then true?

Question

In the following equation,    refers to gross domestic product,    refers to domestic bank credit issued and    refers to foreign direct investment.    Which of the following statements is then true?

Accepted Answer

If    increases by 1%, the predicted    increases by approximately 0.22%, the amount of bank credit remaining constant.

Answer

If    increases by 1%, the predicted    increases by approximately 22.2%, the amount of bank credit remaining constant.

Answer

If    increases by 1 dollar, the predicted    increases by approximately 22 cents, the amount of bank credit remaining constant.

Crowdly

In the following equation, refers to gross domestic product, refers to dom...

Want instant access to all verified answers on learning.monash.edu?