An economist is interested to see how consumption for an economy (in $ billions) is inuenced by gross domestic product (GDP) in $ billions and consumer price index (Price). The Microsoft Excel output of this regression is partially reproduced below. Region Statistics Multiple R 0.991 R Square 0.982 Adj. R Square 0.976 0.299 10 ss MS 6 Wm r 33.4163 16.7082 186.325 0.0002 0.6277 0.0897 34.0440 ents scam I Stat P~Velue Intercept 4.6335 0.5674 -0.152 0.8837 0.7654 0.0574 13.340 0.0001 -0.0006 0.0028 0.219 0.8330 Which of the following is the correct interpretation of the coefcient of determination? Select one: 0 Approximately 98.2% of the variation in the consumption is explained by the regression model. 0 Approximately 99.1% of the consumption is explained by the regression model. 0 Approximately 98.2% of the consumption is explained by the regression model. 0 Approximately 99.1% of the variation in the consumption is explained by the regression model. Check