The consumption function captures one of the key relationships in economics. It expresses consumption as a function of disposal income, where disposable income is income after taxes. The attached file Quiz_dataset2 shows data of average US annual consumption (in $) and disposable income (in $) for the years 2000 to 2016.

What is the predicted consumption if the disposable income is $30,000?

Select one:

a. 2365.7

b. None of the above

c. 32645.9

d. 2365.6

Date Q1, 2000 Q2, 2000 Q3, 2000 2000 Q4, 2000 Q1, 2001 03 2004 Q2, 2001 Q3, 2001 04. 2004 Q4, 2001 01 2002 Q1, 2002 03 2002 Q2, 2002 03 2002 Q3, 2002 2003 Q4, 2002 01 2002 Q1, 2003 03 2002 Q2, 2003 Q3, 2003 Q4, 2003 Q1, 2004 Q2, 2004 Q3, 2004 04. 2004 Q4, 2004 Q1, 2005 Q2, 2005 Q3, 2005 Q4, 2005 Q1, 2006 Q2, 2006 Q3, 2006 2006 Q4, 2006 Q1, 2007 2007 Q2, 2007 de, coor Q3, 2007 by ever Q4, 2007 ****** Q1, 2008 ****** Q2, 2008 wwwwww Q3, 2008 ****** Q4, 2008 cerca Q1, 2009 Q2, 2009 de, 2000 Q3, 2009 ca, 2000 Q4, 2009 wey, 2000 Q1, 2010 ****** Q2, 2010 ***** Q3, 2010 wwwwwww Q4, 2010 Q1, 2011 Q2,2011 www.**** Q3, 2011 co, cost Q4, 2011 wery cust Q1, 2012 002045 Q2, 2012 03 2045 Q3, 2012 Q4, 2012 veuse Q1, 2013 Q2, 2013 Q3, 2013 04. 2012 Q4, 2013 01. 2014 Q1, 2014 03-2014 Q2, 2014 02 2014 Q3, 2014 04.2014 Q4, 2014 01 2015 Q1, 2015 02 2015 Q2, 2015 02 2015 Q3, 2015 A 2015 Q4, 2015 Q1, 2016 Q2, 2016 Q3,2016 Q4, 2016 Consumption 28634 28837 20020 29039 30330 29220 ----- 29276 ***** 29282 DON 29313 ***** 29685 ***** 29709 ***** 29795 ***** 29927 DO... 30014 **** 30084 DODEZ 30351 ***** 30722 ***** 30887 MA 31127 MAZ 31261 www. 31481 www. 31725 MOOS 31900 ..... 32178 23345 32345 33306 32386 www 32677 www. 32777 23004 32884 22124 33134 33235 33273 www 33335 wwwww 33292 www 33150 ***** 33134 CON 32814 www 32344 32167 www 31957 ***** 32076 www 31999 COOOO 32106 wwwww 32308 www 32451 www 32717 www 32826 wwwww 32836 wwwwww 32913 www 32959 www 33104 www 33105 wwwww 33128 ***** 33156 ***** 33263 33280 22270 33370 33505 33585 33600 33688 33046 33946 AUSS 34190 **KAS 34508 **** 34659 MIAKA 34850 DEOSE 35015 STAAT 35147 25226 35236 35550 35743 35987 Income 31192 31438 31719 MZ 31742 MOIS 31940 MODE 31836 23504 32504 ***** 32020 ***** 32728 ***** 32821 **** 32696 32773 32796 ***** 33197 **ZES 33657 **** 33713 ***** 33893 www. 34152 www 34247 MEDA 34589 MAS 34183 DOS 34380 344CO 34469 24555 34666 25300 35380 ATACA 35354 araca 35363 ARTMA 35734 35889 35878 33010 35880 ***** 35819 www 35998 www 36677 soon 35747 www 35892 www 35752 para 35932 p 35456 ww 35328 www 35293 ***** 35686 wwwwwww 35791 ***** 35967 ***** 36346 www 36228 www 36347 www 36299 www 36832 www 37054 36963 ***** 37860 wwwwww 36226 36380 26522 36522 Cran 36528 36872 ***** 37289 AZEAZ 37587 ***** 37907 20055 38033 20556 38336 DESA 38571 AZA 38785 30037 38927 39148 39354 39254