Basic Econometrics Individual Assignment QUESTIONS: 1) Use R to run the following cross-sectional regression. (Please note the natural logs and construct these in R as needed): 𝐋𝐢𝐟𝐞𝐞𝐱𝐩 = 𝜷𝟎 + 𝜷𝟏𝐥𝐨𝐠(𝐆𝐃𝐏𝐩𝐜) + 𝜷𝟐𝐔𝐧𝐝𝐞𝐫𝐍𝐨𝐮𝐫𝐢𝐬𝐡𝐞𝐝 + 𝜷𝟑𝐃𝐫𝐢𝐧𝐤𝐢𝐧𝐠𝐖𝐚𝐭𝐞𝐫 + 𝜷𝟒𝐥𝐨𝐠(𝐓𝐁) + 𝜷𝟓𝒍𝒐𝒈(𝐈𝐦𝐦𝐮𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧) + 𝒖 a) Present your regression results in a table below (R output): 2 marks b) Interpret the constant (2.5 marks) and its p-value (1.5 marks). […]





