Let grthemp denote the proportionate growth in employment, at the county level, from 1990 to 1995, and let salestax denote the county sales tax rate, stated as a proportion. Interpret the intercept and slope the equation grthemp = .043 - .78 salestax.

Let grthemp denote the proportionate growth in employment, at the county level, from 1990 to 1995, and let salestax denote the county sales tax rate, stated as a proportion. Interpret the intercept and slope the equation grthemp = .043 - .78 salestax.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

ChapterD: The Expenditure-output Model

Section: Chapter Questions

Problem 19CTQ: Exercise D19 What does it mean when the aggregate expenditure line crosses the 45-degrss line? In...

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Question

Let grthemp denote the proportionate growth in employment, at the county level, from 1990 to 1995,
and let salestax denote the county sales tax rate, stated as a proportion. Interpret the intercept and slope
the equation
grthemp = .043 - .78 salestax.

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