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Jsing the consumption and saving data above and assuming planned investment is $24 billion, answer the following questions: a. What are saving and planned investment at the $400 billion level of domestic output? Saving = $ billion Investment = $ billion p. What are saving and actual investment at that level? Saving = $ billion Investment = $ billion

Jsing the consumption and saving data above and assuming planned investment is $24 billion, answer the following questions: a. What are saving and planned investment at the $400 billion level of domestic output? Saving = $ billion Investment = $ billion p. What are saving and actual investment at that level? Saving = $ billion Investment = $ billion

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The table below shows levels of employment, output, consumption, and saving for a private closed economy. Possible Levels Real Domestic of Employment, Output, Consumption, Billions Saving, Millions Billions Billions 40 $ 240 $ 244 -$4 45 260 260 50 280 276 4 55 300 292 8 60 320 308 12 65 340 324 16 70 360 340 20 75 380 356 24 80 400 372 28 Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Using the consumption and saving data above and assuming planned investment is $24 billion, answer the following questions: a. What are saving and planned investment at the $400 billion level of domestic output? Saving = $ |billion Investment = $ billion b. What are saving and actual investment at that level? Saving = $ billion Investment = 2$ billion
Transcribed Image Text:The table below shows levels of employment, output, consumption, and saving for a private closed economy. Possible Levels Real Domestic of Employment, Output, Consumption, Billions Saving, Millions Billions Billions 40 $ 240 $ 244 -$4 45 260 260 50 280 276 4 55 300 292 8 60 320 308 12 65 340 324 16 70 360 340 20 75 380 356 24 80 400 372 28 Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Using the consumption and saving data above and assuming planned investment is $24 billion, answer the following questions: a. What are saving and planned investment at the $400 billion level of domestic output? Saving = $ |billion Investment = $ billion b. What are saving and actual investment at that level? Saving = $ billion Investment = 2$ billion
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