Refer to the information provided in Table 36.3 below to answer the question(s) that follow. Table 36.3 PointAggregate Income (Y)Aggregate Consumption (C) A 15 19 B 30 23 C 45 27 D 60 31 E 75 35 F 90 39The data in the table was used to estimate the following consumption function: C = 20 + 0.2YRefer to Table 36.3. The error for point D is equal to
A. -2.
B. -1.
C. +1.
D. +2.
Answer: C
Economics
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The personal income tax varies as GDP changes
a. True b. False Indicate whether the statement is true or false
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The Argon Bank has $8 million in deposits and $1,600,000 in reserves. If the required reserve ratio is 20%, excess reserves are equal to
A. zero. B. $80,000. C. $320,000. D. $640,000.
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