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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, one economy in the sample had an aggregate consumption level of $4 billion, a GDP of $6 billion, and an aggregate price level of 200. What is the residual for this data point? A)  $4.39 billion B)  $0.39 billion C)  -$0.39 billion D)  -$1.33 billion
-Referring to Table 14-3, one economy in the sample had an aggregate consumption level of $4 billion, a GDP of $6 billion, and an aggregate price level of 200. What is the residual for this data point?


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