Consider a Log-Linear Model where the dependent variable is political donations. One independent variable is income. The
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Question:
Consider a Log-Linear Model where the dependent variable is political donations. One independent variable is income. The coefficient on income is 0.0001. What do the results of the Log-Linear Model suggest?
Group of answer choices
a)A $1,000 increase in income results in a $0.10 increase in political donations
b)A $1,000 increase in income results in a 10% increase in political donations
c)A 10% increase in income results in a 0.001% increase in political donations
d)A 10% increase in income results in a $0.001 increase in political donations
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