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

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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. 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
-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?


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