(Answered) Using the following estimated regression results

Statistics

Using the following estimated regression results log?(consumption)=2.10+0.06age interpret how being one year older (age) is expected to affect weekly consumption expenditure (consumption):

A. an additional year of age will increase weekly consumption expenditure by 1.6 per cent.

B. an additional year of age will increase weekly consumption expenditure by 2.16 per cent.

C. an additional year of age will increase weekly consumption expenditure by 0.06 per cent.

D. an additional year of age will increase weekly consumption expenditure by 6 per cent.

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