OUTPUT or INCOME & INTEREST RATE (data followed by regression output)

Time Period

Gross Domestic Product (in billion US$)

Interest Rate (%)

1990

290.4

34.7

1991

313.143

19.28

1992

363.158

15.62

1993

500.736

18.23

1994

527.813

19.30

1995

360.074

59.43

1996

410.976

36.39

1997

500.413

22.14

1998

526.502

26.36

1999

600.233

23.74

2000

707.907

16.93

2001

756.706

12.80

2002

772.106

8.21

2003

729.336

7.02

2004

782.241

7.44

2005

877.476

9.70

2006

975.387

7.51

2007

1053.70

7.56

2008

1109.99

8.71

2009

900.045

7.07

2010

1057.80

5.28

2011

1180.49

4.91

2012

1201.09

4.68

2013

1274.44

4.27

2014

1315.35

3.55

2015

1171.87

3.44

2016

1078.49

4.75

2017

1158.91

7.33

2018

1222.35

8.04

2019

1268.87

8.43

Sources:

SUMMARY OUTPUT

Regression Statistics

Multiple R

0.766297481

R Square

0.58721183

Adjusted R Square

0.572469395

Standard Error

217.1092805

Observations

30

ANOVA

df

SS

MS

F

Significance F

Regression

1

1877510.44

1877510.44

39.83140121

7.95416E-07

Residual

28

1319820.311

47136.43966

Total

29

3197330.75

Coefficients

Standard Error

t Stat

P-value

Lower 95%

Upper 95%

Intercept

1122.238703

60.60124183

18.51841099

3.0231E-17

998.1026864

1246.37472

Gross Domestic Product

-2052.392898

325.1978839

-6.311212341

7.95416E-07

-2718.530566

-1386.2552

Output & Ir theory: (state the law and cite the source or reference)

Outpur & Ir Equation:

=1122.24 -2052.39GDP

Output & Ir Interpretation:

Intercept or a

X variable or b

Conclusion:

What kind of relationship exists between Output & Irin the country of choice - provide justification