Refer to the Information Provided in Table 36

question 26

Multiple Choice

Refer to the information provided in Table 36.2 below to answer the question(s) that follow.
Table 36.2
The data in the table was used to estimate the following consumption function: C = 12 + 0.4Y
-Refer to Table 36.2. The error for point A is equal to

• A) -3.
• B) -2.
• C) +2.
• D) +3.

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Definitions:

Private Property

A legal designation for the ownership of property by individuals or businesses, not by the state or government.

Government Ownership

The scenario where the government owns and operates business enterprises, typically in key sectors like transportation or utilities.

Private Property

Refers to land, buildings, or possessions owned by individuals or entities and not by the government or public organizations.

Economic Systems

The structured and organized methods by which societies allocate resources, distribute goods and services, and manage economic activity.