Question 1
Refer to the information provided in Table 36.2 below to answer the question(s) that follow.
The data in the table was used to estimate the following consumption function:
C = 12 + 0.4
Y
Refer to Table 36.2. The error for point
E is equal to
◦ -2.
◦ -1.
◦ +2.
◦ +4.
Question 2
Refer to the information provided in Table 36.2 below to answer the question(s) that follow.
The data in the table was used to estimate the following consumption function:
C = 12 + 0.4
Y
Refer to Table 36.2. The error for point
F is equal to
◦ -6.
◦ -3.
◦ -1.
◦ +2.