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

question 131

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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 predicted 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 predicted consumption level for an economy with GDP equal to $4 billion and an aggregate price index of 150?

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