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 $4 billion and an aggregate price index of 150?
A) $1.39 billion
B) $2.89 billion
C) $4.75 billion
D) $9.45 billion
Correct Answer:

Verified
Correct Answer:
Verified
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