Solved

SCENARIO 13-3 an Economist Is Interested to See How Consumption for an for an Economy

Question 170

Multiple Choice

SCENARIO 13-3
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. SCENARIO 13-3 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 SCENARIO 13-3, one economy in the sample had an aggregate consumption level of $4 billion, a GDP of $6 billion, and an aggregate price level of 200.What is the residual for this data point? A) $4.39 billion B) $0.39 billion C) - $0.39 billion D) - $1.33 billion
-Referring to SCENARIO 13-3, one economy in the sample had an aggregate consumption level of $4 billion, a GDP of $6 billion, and an aggregate price level of 200.What is the residual for this data point?


A) $4.39 billion
B) $0.39 billion
C) - $0.39 billion
D) - $1.33 billion

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions