An economist is interested to see how consumption for an economy (in $ billions) is influenced by gross domestic product (GDP, $ billions) and aggregate consumer price index (Price). The Microsoft Excel output of this regression is partially reproduced below.

SUMMARY OUTPUT

Regression Statistics

MultipleR0.991

RSquare0.982

Adjusted RSquare0.976

StandardError0.299

Observations10

ANOVA

dfSSMSFp-value

Regression233.416316.7082186.3250.0001

Residual70.62770.0897

Total934.0440

CoeffStdErrort Statp-value

Intercept-0.08610.5674-0.1520.8837

GDP0.76540.057413.3400.0001

Price-0.00060.0028-0.2190.8330

Referring to Table 14-3, at the 5% level of significance is there a significant evidence for the linear relationship between the consumption and the knowledge of the gross domestic product and the aggregate consumer price index?

All of the above.

No.

Yes.

I don't know.