TABLE 7: An economist is interested to see how consumption for an economy (in $ billions) is inuenced by gross domestic product [5; billions] and aggregate price [consumer price index). The Microsoft Excel output of this regression is partially reproduced below. SUMNLARY OUTPUT Regression Statistics Multiple R 0.991 R Square 0.982 Adjusted R Square 0.976 Standard Error 0.299 Observations 10 AN OVA df SS MS F SignifF 2 33.4163 16.7082 186.325 0.0001 Residual 7 0.6277 0.0897 9 Regression Total 3 4.0440 Coeff StdError Intercept 0.0861 0.5674 GDP 0.7654 0.0574 Price 0.0006 0.0028 C. What is the predicted consumption level for an economy with GDP equal to $4 billion and an aggregate price index of 150? 1. $4.75 billion 2. $9.45 billion 3. $2.89 billion 4. $1.39 billion D. Referring to the output from Question 9, what is the meaning of the coefficient of GDP? Group of answer choices 5' A 1 billion dollar increase in GDP will increase the predicted consumption by 765.4 million dollars. ("I A 1 billion dollar increase in GDP will decrease the predicted consumption by 765.4 million dollars. r; A 1 billion dollar increase in GDP will increase the predicted consumption by $76.54. C A 1 billion dollar increase in GDP will decrease the predicted consumption by $76.54