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Refer to the Information Provided in Table 22 The Data in the Table Was Used to Estimate the Answer

Question 9

Multiple Choice

Refer to the information provided in Table 22.2 below to answer the question(s) that follow.
Table 22.2
 Point  Aggregate  Income (Y)  Aggregate  Consumption (C) A1014B2023C3025D4026E5034F6039\begin{array} { | c | c | c | } \hline \text { Point } & \begin{array} { c } \text { Aggregate } \\\text { Income } ( Y ) \end{array} & \begin{array} { l } \text { Aggregate } \\\text { Consumption } ( C ) \end{array} \\\hline \boldsymbol { A } & 10 & 14 \\\hline B & 20 & 23 \\\hline C & 30 & 25 \\\hline D & 40 & 26 \\\hline E & 50 & 34 \\\hline F & 60 & 39 \\\hline\end{array} The data in the table was used to estimate the following consumption function: C = 12 + 0.4Y
-Refer to Table 22.2. Which of the following points is (are) the best fit for the given consumption function?


A) A and D
B) B and F
C) C
D) E

Correct Answer:

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