(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
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.1: Measures Of Center
Problem 27PFA
Related questions
Question
100%
(a) If per capita GDP rises by $1,000, by how much does the % of GDP spent on health change?
(b) If the slope coefficient equals zero what is the implied income elasticity of health ex- penditures? Explain.
(c) Test at 5% whether or not there is a relationship between healthgdp and gdppc.
![Variable
name
country_name
str15
int
float
int
inf_mortality float
life_mexpecta~y float
float
float
year
hexp_gdp
hexp_pc
gdp_pc
uhat
.
Storage Display
type
Source
Sorted by: country_name year
Model
Residual
Total
Value
format label
%15s
%9.0g
%8.0g
SS
%8.0g
%8.0g
%8.0g
%8.0g
%9.0g
Note: Dataset has changed since last saved.
regress hexp_gdp gdp_pc
14.7013391
122.548369
137.249708
df
.0000473
7.273534
hexp_gdp Coefficient Std. err.
gdp_pc
_cons
Variable label.
MS
Country name, OECD
Year, 2000 to 2009
Total expenditure on health, % GDP
Total expenditure on health, /capita, US$ PPP
Infant mortality, Deaths per 1,000 live births
Life expectancy, Male population at birth, in Years
GDP per capita, PPP (current international US$) WB
Residuals
14.7013391
1
32 3.82963652
.0000242
.894013
33 4.15908205
Number of obs =
F(1, 32)
Prob > F
=
R-squared
=
=
Adj R-squared =
Root MSE
=
34
3.84
0.0588
0.1071
0.0792
1.9569
t P>|t| [95% conf. interval]
1.96 0.059
8.14 0.000
-1.88e-06
5.45249
.0000965
9.094579](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6d711242-a88c-4a58-a190-33258ba50e1c%2F23ada0f4-e9e2-4e4f-bbc9-a1785ba173c4%2F2mvmjasj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Variable
name
country_name
str15
int
float
int
inf_mortality float
life_mexpecta~y float
float
float
year
hexp_gdp
hexp_pc
gdp_pc
uhat
.
Storage Display
type
Source
Sorted by: country_name year
Model
Residual
Total
Value
format label
%15s
%9.0g
%8.0g
SS
%8.0g
%8.0g
%8.0g
%8.0g
%9.0g
Note: Dataset has changed since last saved.
regress hexp_gdp gdp_pc
14.7013391
122.548369
137.249708
df
.0000473
7.273534
hexp_gdp Coefficient Std. err.
gdp_pc
_cons
Variable label.
MS
Country name, OECD
Year, 2000 to 2009
Total expenditure on health, % GDP
Total expenditure on health, /capita, US$ 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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VIEWStep 2: (a) If per capita GDP rises by $1,000, by how much does the % of GDP spent on health change?
VIEWStep 3: b. If the slope coefficient equals zero, the implied income elasticity of health expenditure is,
VIEWStep 4: c. Test at 5% whether or not there is a relationship between health_gdp and gdp_pc.
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