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Suppose that you have the following fitted model: where t = 1, 2, ..., 30, GDPt is the GDP of Australia in the t-th year.
Suppose that you have the following fitted model: where t = 1, 2, ..., 30, GDPt is the GDP of Australia in the t-th year. Select the correct interpretation of the coefficient estimate. Group of answer choices During the sample period, the average yearly GDP growth rate is 2.134%. During the sample period, the elasticity of GDP with respect to year is 0.02134. During the sample period, the average yearly GDP growth rate is 0.02134%. During the sample period, the average yearly GDP growth rate is 5.0138%
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