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:

Test Performance

Refers to the outcome or results obtained from administering a test which measures knowledge, skills, or abilities.

Operational Definitions

Specific descriptions of the variables, terms, or concepts being studied in terms of the operations or procedures used to measure or identify them.

Replication

Repeating the essence of a research study, usually with different participants in different situations, to see whether the basic finding can be reproduced.

Massed Practice

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