Posted: June 6th, 2016

RGDPt = β0 + β1GS + β2MS + β3FDI + εt

RGDPt = β0 + β1GS + β2MS + β3FDI + εt
Where in the model, the parameters are:
RGDP = GDP
GS = Government Spending
MS = Money Supply
FDI = Foreign Direct Investment (Net Outflows)
Thus, the focus shall be to test the model above using a number of regression models to as to ascertain whether GDP in the United States has been of any significance to other development initiatives in the country such as government spending, money supply and foreign direct investment where the latter three are the indicator variables for sustainable