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

question 17

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 F is equal to

• A) -6.
• B) -3.
• C) -1.
• D) +2.

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Definitions:

Automobiles

Automobiles that run on an internal combustion engine or are powered by electricity, designed for moving individuals or cargo.

Income

Financial returns received regularly from work or investment sources.

Preferences

Individual choices or priorities regarding products, services, or outcomes based on factors like taste, convenience, and value.

Quantity Supplied

The specific amount of a good or service that producers are willing and able to sell at a particular price.