Question 1

the variable appearing on the right side of the equality sign is called

Accepted Answer

A)  independent variable
B)  explanatory variable
C)  all of the above
D)  none of the above C

Question 2

The intercept term,?1, is absent in.................. model.

Accepted Answer

A)  regression through the origin
B)  lin log model
C)  log lin model
D)  ols model A

Question 3

Econometrics is concerned with

Accepted Answer

A)  empirical support to economic theory
B)  quantitative analysis of economic data
C)  use of tools of mathematics and statistical inference
D)  all of the above D

Question 4

In the Keynesian linear consumption function Y=?1+?2X, the marginal propensity to consume is

Accepted Answer

A)  ?1
B)  x
C)  y
D)  ?2

Question 5

In the Keynesian linear consumption function Y=?1+?2X, the explanatory variable is

Accepted Answer

A)  ?1
B)  x
C)  y
D)  ?2

Question 6

The first step in traditional econometric methodology is

Accepted Answer

A)  statement of theory
B)  forecasting
C)  obtaining data
D)  estimation of the model

Question 7

In the Keynesian linear consumption function Y=?1+?2X, ?1 is

Accepted Answer

A)  slope coefficient
B)  intercept coefficient
C)  output coefficient
D)  none of the above

Question 8

The slope coefficient ,?2, of ............ model measures elasticity of Y with respect to X.

Accepted Answer

A)  regression through the origin
B)  log log model
C)  log lin model
D)  clrm

Question 9

In regression through the origin model, ......................... is absent.

Accepted Answer

A)  the intercept term ,?1
B)  the slope coefficient ,?2
C)  error term
D)  explanatory variables

Question 10

The lin log model and log lin model are ............. in parameters.

Accepted Answer

A)  non linear
B)  linear
C)  functional
D)  dependent

Question 11

Which of the following discipline express the economic theory in mathematical form

Accepted Answer

A)  econometrics
B)  statistics
C)  mathematics
D)  mathematical economics

Question 12

if the model has more than one equation, the model is called

Accepted Answer

A)  single equation model
B)  multiple equation model
C)  variable equation model
D)  none of the above

Question 13

r2 in intercept less model is.... .............. negative.

Accepted Answer

A)  always
B)  sometimes
C)  never
D)  cannot say

Question 14

....................... is a growth model.

Accepted Answer

A)  alinear trend model
B)  lin log model
C)  log lin model
D)  none of the above

Question 15

the variable appearing on the left side of the equality sign is called

Accepted Answer

A)  dependent variable
B)  independent variable
C)  explanatory variable
D)  none of the above

Question 16

In conventional model r2 is .............. negative.

Accepted Answer