A Predicted Value of a Dependent Variable

question 5

Multiple Choice

A predicted value of a dependent variable:

• A)represents the difference between the expected value of the dependent variable and its actual value.
• B)is always equal to the actual value of the dependent variable.
• C)is independent of explanatory variables and can be estimated on the basis of the residual error term only.
• D)represents the expected value of the dependent variable given particular values for the explanatory variables.

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Definitions:

Government Revenue

The total income received by the government from taxes, fees, fines, and other sources to finance public services and goods.

Latte

A coffee drink made with espresso and steamed milk, often enjoyed for its creamy texture and rich flavor.

Quota

A limited quantity of a particular product that under official controls can be produced, exported, or imported.

Excise Tax

A tax charged on specific goods and services, such as tobacco and alcohol, often imposed to discourage their use or to generate revenue.