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reproduced below An economist is interested to see how consumption for an economy (in $ billions) is influenced by gross domestic product ($ billions)
reproduced below 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 Click the icon to view the results. One economy in the sample hat 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? OA -$0.39 billion OB. $4.39 billion OC -$1.33 bo OD, $0.30 bon Output SUMMARY OUTPUT Regression Statistics Multiple R 0.991 Square 0982 Adjusted R Square 0.976 Standard Enor 0.299 Observations 10 ANOVA ss MS Regression Residual 2 33.4163 7 Total 9 0.6277 34.0440 167062 186.325 00897 Sign 0.0001 Coeff Sidor P Intercept -0.0861 0.3674 -0.152 08837 GDP 0.7654 0.0574 13.340 0.0001 Price 0.0006 0.0028 -0.219 0.8330 X #9
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