Refer to the Information Provided in Table 21

question 51

Multiple Choice

Refer to the information provided in Table 21.2 below to answer the questions that follow.
Table 21.2
The data in the table was used to estimate the following consumption function: C = 12 + 0.4Y.
-Refer to Table 21.2. The SUM that is calculated from all the error points from the table is equal to

• A) -5.
• B) +13.
• C) +25.
• D) +31.

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Definitions:

Paradigm

A pattern or model of something, or a set of concepts and practices that defines a way of understanding and doing things in a particular domain.

Phenomenon

An observable event or fact that can be scientifically described or explained.

Interrelated

Elements or factors that are connected to one another in such a way that changes in one may affect the others.

Interdependent

Mutually dependent; the condition in which two or more persons or elements rely on each other for support, functioning, or survival.