SCENARIO 14-3
-Referring to Scenario 14-3, what is the predicted consumption level for an economy with GDP
Equal to $4 billion and an aggregate price index of 150?
A) $1.39 billion
B) $2.89 billion
C) $4.75 billion
D) $9.45 billion

Question

SCENARIO 14-3 
-Referring to Scenario 14-3, what is the predicted consumption level for an economy with GDP
Equal to $4 billion and an aggregate price index of 150?
A) $1.39 billion 
B) $2.89 billion 
C) $4.75 billion 
D) $9.45 billion

Quizplus · Accepted Answer

The predicted consumption level is calculated based on the given GDP and aggregate price index. The correct choice is $2.89 billion, which aligns with the economic model or formula used in Scenario 14-3.

SCENARIO 14-3 -Referring to Scenario 14-3, What Is the Predicted Consumption Level