Refer to the Information Provided in Table 36

question 22

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 C is equal to

• A) -1.
• B) 0.
• C) +1.
• D) +2.

---

Definitions:

Cost

The monetary value spent by a company to produce or acquire goods or services, including manufacturing and operating expenses.

Compounded Annually

The process of adding interest to the principal sum of a deposit or loan, with the interest that has been added also earning interest from that point on.

Invest

Dedicating financial resources with the objective of achieving income or profit returns.

Fund

A pool of money set aside for a specific purpose or allocated for investing in various assets.