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1. This is the regression out of the USA data. SUMMARY OUTPUT Regression Statistics Multiple F 0.991395893 R Square 0.982865817 Adjusted | 0.980367082 Standard :

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1. This is the regression out of the USA data.

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SUMMARY OUTPUT Regression Statistics Multiple F 0.991395893 R Square 0.982865817 Adjusted | 0.980367082 Standard : 3.323765811 Observati 56 ANOVA df SS MS F Significance F Regressio 7 30418.15674 4345.450963 393.3453504 3.97853E-40 Residual 48 530.2761201 11.04741917 Total 55 30948.43286 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 31.47812065 3.447592389 9.130464713 4.56228E-12 24.54627156 38.40996974 24.54627156 38.40996974 exports 0.013359909 0.005942228 2.248299864 0.029185579 0.00141226 0.025307559 0.00141226 0.025307559 money -0.007347732 0.003505281 -2.096189536 0.041361669 -0.014395571 -0.000299893 -0.014395571 -0.000299893 stir 0.917658077 0.293463885 3.126988099 0.002997812 0.327609389 1.507706765 0.327609389 1.507706765 revenue 0.081102958 0.021334979 3.801407852 0.000405982 0.038206107 0.12399981 0.038206107 0.12399981 thh -0.000664013 0.005820496 -0.114081859 0.909648757 -0.012366905 0.011038879 -0.012366905 0.011038879 tbus 0.003531478 0.005397097 0.654329051 0.516022895 -0.007320114 0.014383069 -0.007320114 0.014383069 debtgdp 34.65046401 14.42124398 2.402737521 0.020188002 5.654609613 63.6463184 5.654609613 63.6463184SUMMARY OUTPUT Regression Statistics Multiple R 0.988076341 R Square 0.976294857 Adjusted R Square 0.972837856 Standard Error 3.569803319 Observations 56 ANOVA df SS MS F Significance F Regression 7 25192.32376 3598.903394 282.4110016 9.46755E-37 Residual 48 611.6877952 12.74349573 Total 55 25804.01155 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 44.77712822 5.032592103 8.897428462 1.00435E-11 34.65842361 54.89583282 34.65842361 54.89583282 exports -0.01783808 0.006032895 -2.956802513 0.004809866 -0.029968029 -0.005708131 -0.029968029 -0.005708131 money 0.002959579 0.001526228 1.939146225 0.058373991 -0.000109108 0.006028266 -0.000109108 0.006028266 stir 0.576047558 0.229369412 2.511440181 0.01544288 0.114869445 1.03722567 0.114869445 1.03722567 revenue 0.0303372 0.002899209 10.46395651 5.61941E-14 0.024507949 0.036166451 0.024507949 0.036166451 thh 0.011570002 0.001952924 5.924451769 3.26961E-07 0.007643386 0.015496618 0.007643386 0.015496618 tbus -0.021477712 0.004359635 -4.926493487 1.03504E-05 -0.030243345 -0.012712079 -0.030243345 -0.012712079 debtgdp -12.71604756 9.834470901 -1.293007798 0.202197265 -32.48957658 7.057481454 -32.48957658 7.057481454

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