Below is a model showing the relationship between subsidies and the workforce in the agricultural industry of seven countries from 1991 to 2014. Amount of financial support (support) is in millions and the number employed in agriculture (labour) is in thousands.
support = −1911.073+14.03227 labour
(1081.624) (0.5690355)
Which of the following is the correct interpretation of the model?
a. If 1,000 more were employed, the financial support given to the sector will rise by $14.03 million
b. The model can not be interpreted.
c. If 1,000 more were employed, the financial support will rise by 14.03%
d. If 1,000 more were employed, the financial support will rise by 140.32%