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Category > Business & Finance Posted 14 May 2017 My Price 5.00

Find out the growth rate of expenditure on nondurable

 From the data given in Table 6.3, find out the growth rate of expenditure on nondurable goods and compare your results with those obtained from problem 6.17.

 

Problem 6.17

Refer to Table 6.3. Find out the rate of growth of expenditure on durable goods. What is the estimated semielasticity? Interpret your results. Would it make sense to run a double-log regression with expenditure on durable goods as the regressand and time as the regressor? How would you interpret the slope coefficient in this case.

 

 

 
 

 

Answers

Alpha Geek
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Status NEW Posted 14 May 2017 12:05 PM My Price 5.00

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