In the following equation, gdp refers to gross domestic product, bank credit refers to domestic bank credit issued and FDI refers to foreign direct investment

log(gdp) 2.65 +0.527 log(bankcredit) +0,222 log(FDI).

Which of the following statements is then true?

Select one

Olaf gdp increases by 1%, the predicted FDI increases by approximately 0.22 %, the amount of bank credit remaining

constant.

O b. If FDI increases by 1 dollar, the predicted gdp increases by approximately 22 cents, the amount of bank credit

remaining constant.

FDI increases by 1%, the predicted gdp increases by approximately 22.2 %, the amount of bank credit remaining constant.

Old. If FDI increases by 1%, the predicted gdp increases by approximately 0.22 %, the amount of bank credit remaining

constant.