In the following equation, GDP refers to gross domestic product, and FDI refers to foreign direct investment. log(GDP) = 2.65 + 0.527 log(BANKCREDIT) + 0.222FDI (se) (0.13) (0.022) (0.017) Which of the following statements is true? (a) If FDI increases by 1 unit, GDP increases by approximately 0.22%, the amount of bank credit remaining constant. (b) If FDI increases by 1 unit, GDP increases by approximately 26.5%, the amount of bank credit remaining constant. (c) If FDI increases by 1 unit, GDP increases by approximately 24.8%, the amount of bank credit remaining constant. (d) If FDI increases by 1 unit, GDP increases by approximately 52.7%, the amount of bank credit remaining constant.Given the data summary below for house sales, do you anticipate any problems when testing for house price differences conditioned on lot size? The variable for lot size (lgelot) takes on the value 1 if the lot size is greater than 0.5 acres and 0 otherwise. Variable Obs Mean Std. Dev. Min Max sprice 1500 123693.9 63250.89 22000 713000 livarea 1500 16.74667 5.461963 7 49 beds 1500 3.285333 .619918 1 6 baths 1500 2.133 .5253523 1 6.5 lgelot 1500 .0633333 .2436428 0 1 age 1500 21.86 13.11464 0 97 pool 1500 .0653333 .2471955 0 1 (a) Yes