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Question 4 : The growth rate of a variable can be derived using following regression equation: ln yt = alpha + beta T

Question 4: The growth rate of a variable can be derived using following regression equation: ln yt =\alpha +\beta T ime + et (1) where ln yt, T ime, and et are the natural logarithm of dependent variable yt, time-period and error term respectively. The estimate of \beta 1 yt dyt dT ime gives the growth rate of variable yt. Estimate equation (1) for the period 1961:Q1-2023:Q3 for real GDP, real private consumption, real investment, real government consumption, real exports, real imports, real wage and real money balance and derive their growth rates.

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