USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
Consider the following information that you propose to use to obtain an estimate of year 2004 EPS for the MacLog Company.
In addition, a regression analysis indicates the following relationship between growth in sales per share for MacLog, and GDP growth is
%$\Delta$ Sales per share = 0.015 + 0.75(%$\Delta$ GDP)
-Refer to Exhibit 9.6. Calculate GDP for the year 2020.
A) $10,500 billion
B) $11,000 billion
C) $11,385 billion
D) $10,550 billion
E) $11,025 billion

Question

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
Consider the following information that you propose to use to obtain an estimate of year 2004 EPS for the MacLog Company.
  In addition, a regression analysis indicates the following relationship between growth in sales per share for MacLog, and GDP growth is
%$\Delta$ Sales per share = 0.015 + 0.75(%$\Delta$ GDP)
-Refer to Exhibit 9.6. Calculate GDP for the year 2020.
A) $10,500 billion 
B) $11,000 billion 
C) $11,385 billion 
D) $10,550 billion 
E) $11,025 billion

Quizplus · Accepted Answer

The question asks for GDP in 2020, but no other information is given about GDP growth. Therefore, we cannot calculate an exact number for GDP in 2020.

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S) Consider the Following

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
Consider the Following