SCENARIO 14-3 an Economist Is Interested to See How Consumption for an for an Economy

Multiple Choice

SCENARIO 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 Scenario 14-3, one economy in the sample had an aggregate consumption level of $3 billion, a GDP of $3.5 billion, and an aggregate price level of 125. What is the residual for this
Data point?

A) $2.52 billion
B) $0.48 billion
C) - $1.33 billion
D) - $2.52 billion