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

question 136

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 $2 billion and an aggregate price index of 90?

• A) $1.39 billion
• B) $2.89 billion
• C) $4.75 billion
• D) $9.45 billion

---

Definitions:

Teen Conflict

Refers to the disputes or disagreements that arise among adolescents, often influenced by developmental, social, and familial factors.

University Market

The specific demographic and economic segment focused on higher education institutions and their surrounding communities, including students, faculty, and campus-related services.

Appealing

Attractive or interesting in a way that draws attention.

Age Cohort

A group of individuals within a statistically similar age range who share certain characteristics or experiences.