=+. Gross domestic product. The gross domestic product

(GDP) is an important measure of the overall economic strength of a country. GDP per capita makes comparisons between different size countries more meaningful. A researcher looking at GDP, fit the following model based on an educational variable, Primary School Completion Rate (%), and finds:

Dependent variable is: GDP per Capita R squared = 3.44%

s = 15945.46 with 96 - 1 = 95 df M17_SHAR8696_03_SE_C17.indd 618 14/07/14 7:38 AM Exercises 619 Term Estimate Std Error t-Ratio P-value Intercept 1935.5693 5987.938 0.320 0.7472 Primary Completion Rate 122.3288 66.8131 1.830 0.0703