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

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Definitions:

Real Options

The flexibility to make strategic business decisions, such as deferring, abandoning, expanding, or contracting a project based on new information or market changes.

Exercised Option

An exercised option refers to the act of utilizing the right to buy or sell the underlying asset as specified in the options contract.

Terminating Project

Refers to the process of concluding or ending a project before its natural completion, often due to failure to meet objectives, financial constraints, or external factors.

Strategic Option

This refers to choices available to a company that influence its ability to achieve corporate objectives and competitive advantage.