Consider a regression model which was estimated using GDP per capita growth as the dependent variable, and independent variables which included Trade (% of GDP), Population growth (%), Life expectancy (measured in measured in years) and country specific dummy variables. The coefficient of the Population growth variable is -0.98 and the associated t-statistic is -4.21. This coefficient means that Group of answer choices a 1% increase in population growth is associated with 0.98% decrease in economic growth. a 1% increase in population growth is associated with 0.98% increase in economic growth. an increase in population growth by one more person is associated with 0.98% decrease in economic growth. a 1% decrease in population growth is associated with 0.98% decrease in economic growth.

Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks