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
SUM that is calculated from all the error points from the table is equal to
◦ -5.
◦ +13.
◦ +25.
◦ +31.
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. Which of the following points is (are) the best fit for the given consumption function?
◦
A and
D◦
B and
F◦
C◦
E
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