An economy's consumption function is depicted in the table below. Disposable Income (Y) ($ billions) 0 125 250 375 500 625 OA. -0.10. Planned Investment ($ billions) 20 20 20 20 20 20 a. When disposable income is equal to $250 billion total expenditures (including investment) equal OA. $250 billion. OB. $295 billion. b. Therefore, in this model when investment is included, when the disposable income is $250 billion, saving must be equal to OB. $20 billion. OC. $275 billion. Consumption (C) ($ billions) OC. $-25 billion. 100 188 275 363 450 538 D. $20 billior OD. $-45 billic

An economy's consumption function is depicted in the table below. Disposable Income (Y) ($ billions) 0 125 250 375 500 625 OA. -0.10. Planned Investment ($ billions) 20 20 20 20 20 20 a. When disposable income is equal to $250 billion total expenditures (including investment) equal OA. $250 billion. OB. $295 billion. b. Therefore, in this model when investment is included, when the disposable income is $250 billion, saving must be equal to OB. $20 billion. OC. $275 billion. Consumption (C) ($ billions) OC. $-25 billion. 100 188 275 363 450 538 D. $20 billior OD. $-45 billic

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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