Refer to the Information Provided in Table 22 The Data in the Table Was Used to Estimate the Answer

question 73

Multiple Choice

Refer to the information provided in Table 22.2 below to answer the question(s) that follow.
Table 22.2
$$\begin{array} { | c | c | c | } \hline \text { Point } & \begin{array} { c } \text { Aggregate } \\\text { Income } ( Y ) \end{array} & \begin{array} { l } \text { Aggregate } \\\text { Consumption } ( C ) \end{array} \\\hline \boldsymbol { A } & 10 & 14 \\\hline B & 20 & 23 \\\hline C & 30 & 25 \\\hline D & 40 & 26 \\\hline E & 50 & 34 \\\hline F & 60 & 39 \\\hline\end{array}$$ The data in the table was used to estimate the following consumption function: C = 12 + 0.4Y
-Refer to Table 22.2. The error for point B is equal to

• A) -3.
• B) -2.
• C) +2.
• D) +3.

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Definitions:

Operational Plans

Very short-term plans that specify what actions individuals, work groups, or departments need to accomplish in order to achieve the tactical plan and ultimately the strategic plan.