Given the following: GDPi = + COR + e 0 1 i i Nation COR

Given the following:

GDPi = ˆ + ˆ COR + e 0 1 i i Nation COR GDP Ukraine 7.4 2,200 UK 1.4 21,200 USA 2.5 31,500 Vietnam 7.4 1,770 Where COR measures corruption in a nation on a scale of 0 (least) to 10 (most) and GDP measures output in dollars per capita.
(A) Calculate the values of the structural parameters for the regression above.
(B) Interpret the values of the structural parameters.
(C) Calculate r 2 for this regression.
(D) Interpret the value of r 2 for this regression.
(E) Calculate the SER for this regression.
(F) Interpret the value of the SER for this regression.
(G) Does this regression have a good fit? Explain.
(H) Calculate the standard error of the intercept term.
(I) Interpret the standard error of the intercept term.
(J) Would you be surprised if the intercept term equaled 26,776.70 if you re-ran this with data on four different countries?
Explain.