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Introductory Econometrics 4th Edition by Jeffrey Wooldridge
Edition 4ISBN: 978-0324660609Introductory Econometrics 4th Edition by Jeffrey Wooldridge
Edition 4ISBN: 978-0324660609 Exercise 6
Suppose that Person A earns $35,000 per year and Person B earns $42,000.
(i) Find the exact percentage by which Person B's salary exceeds Person A's.
(ii) Now, use the difference in natural logs to find the approximate percentage difference.
(i) Find the exact percentage by which Person B's salary exceeds Person A's.
(ii) Now, use the difference in natural logs to find the approximate percentage difference.
Explanation
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Income of A is equal to $35,000 per year...
Introductory Econometrics 4th Edition by Jeffrey Wooldridge
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