TABLE 14-3 an Economist Is Interested to See How Consumption for an for an Economy

question 179

Multiple Choice

TABLE 14-3
An economist is interested to see how consumption for an economy (in $ billions) is influenced by gross domestic product ($ billions) and aggregate price (consumer price index) . The Microsoft Excel output of this regression is partially reproduced below.
-Referring to Table 14-3, what is the estimated mean consumption level for an economy with GDP equal to $4 billion and an aggregate price index of 150?

• A) $1.39 billion
• B) $2.89 billion
• C) $4.75 billion
• D) $9.45 billion

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Definitions:

Tomboy

A term typically used to describe a girl or woman who exhibits behaviors, interests, or styles traditionally considered masculine.

Social Status

The position or rank of a person or group within the societal hierarchy, influenced by factors such as wealth, occupation, education, and ancestry.

Preference

Describes an individual's selection or tendency towards a choice or option among various alternatives based on personal taste or value.

Sons

Male offspring in relation to their parents.