A Small Percent of Homes in an Region Lack Certain

question 11

Multiple Choice

A small percent of homes in an region lack certain amenities. The data is given in the table below. Give the linear model of the best fitting line , where x is the number of years since 1984.

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Definitions:

Real Exchange Rate

The rate at which a person can trade the goods and services of one country for the goods and services of another.

Price Level

A measure indicating the average price of goods and services in an economy at a given time.

U.S. Residents

Individuals who live in the United States, including citizens, permanent residents, and long-term visitors.

Aggregate Demand

The amassed demand for all types of goods and services in an economic domain, set at a uniform price level across a certain time range.