Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 5SCQ: According to Table 19.7, how often have recessions occurred since the end of World War II (1945)?
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![Question 20
Planned
Consumption
$6,000
10,000
14,000
18,000
22,000
26,000
-$1,000
0
1,000
2,000
Planned
Saving
$1,000
-
Planned
Investment
$5,000
10,000
15,000
20,000
25,000
30,000
Real
GDP
According to the above table, it real Gross Domestic Product (GDP) equals $25,000, what is the average propensity to save?
0.0
0.12
0.56
0.88](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F01266118-3485-4aa5-a4bf-30453a67b207%2F580302c2-9046-4750-b1b8-1110f86231f9%2Ffz704m_processed.png&w=3840&q=75)
Transcribed Image Text:Question 20
Planned
Consumption
$6,000
10,000
14,000
18,000
22,000
26,000
-$1,000
0
1,000
2,000
Planned
Saving
$1,000
-
Planned
Investment
$5,000
10,000
15,000
20,000
25,000
30,000
Real
GDP
According to the above table, it real Gross Domestic Product (GDP) equals $25,000, what is the average propensity to save?
0.0
0.12
0.56
0.88
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