An economy has full-employment output of 9000, and government purchases are 2000. Desired consumption and desired investment are as follows:Find desired national saving for each value of the real interest rate. Enter your answers in the table below.Real InterestRate (%)23456(Enter your answer as a whole number.)DesiredConsumption61006000590058005700DesiredInvestment15001400130012001100If the goods market is in equilibrium, what are the values of the real interest rate, desired national saving, and desired investment?r= %. (Enter your answer as a whole number.)so =DesiredSaving

National income:It refers to income earned from producing goods and services in an accounting year.…

An economy has full-employment output of 9000, and government purchases are 2000. Desired consumption and desired investment are as follows: Find desired national saving for each value of the real interest rate. Enter your answers in the table below. Real Interest Rate (%) 2 3 4 5 6 Desired Consumption 6100 6000 5900 5800 5700 Desired Investment 1500 1400 1300 1200 1100 If the goods market is in equilibrium, what are the values of the real interest rate, desired national saving, and desired investment? r= =%. (Enter your answer as a whole number.) sd ==. (Enter your answer as a whole number.) Desired Saving

An economy has full-employment output of 9000, and government purchases are 2000. Desired consumption and desired investment are as follows: Find desired national saving for each value of the real interest rate. Enter your answers in the table below. Real Interest Rate (%) 2 3 4 5 6 Desired Consumption 6100 6000 5900 5800 5700 Desired Investment 1500 1400 1300 1200 1100 If the goods market is in equilibrium, what are the values of the real interest rate, desired national saving, and desired investment? r= =%. (Enter your answer as a whole number.) sd ==. (Enter your answer as a whole number.) Desired Saving

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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