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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, Millions Output, Billions $ 250 Consumption, Billions Saving, Billions 45 $ 249 $1 50 270 265 5 55 290 281 9 60 310 297 13 65 70 330 313 17 350 329 21 75 370 345 25 80 390 361 29 85 410 377 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 $21 billion, answer the following questions: a. What are saving and planned investment at the $370 billion level of domestic output? Saving = $ 29 billion Investment = $ |billion b. What are saving and actual investment at that level? Saving = $ 29 billion Investment = $ 29 billion c. What are saving and planned investment at the $330 billion level of domestic output? Saving = $ 17 billion Investment = $[ billion d. What are the levels of saving and actual investment?

The table below shows levels of employment, output, consumption, and saving for a private closed economy. Possible Levels Real Domestic of Employment, Millions Output, Billions $ 250 Consumption, Billions Saving, Billions 45 $ 249 $1 50 270 265 5 55 290 281 9 60 310 297 13 65 70 330 313 17 350 329 21 75 370 345 25 80 390 361 29 85 410 377 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 $21 billion, answer the following questions: a. What are saving and planned investment at the $370 billion level of domestic output? Saving = $ 29 billion Investment = $ |billion b. What are saving and actual investment at that level? Saving = $ 29 billion Investment = $ 29 billion c. What are saving and planned investment at the $330 billion level of domestic output? Saving = $ 17 billion Investment = $[ billion d. What are the levels of saving and actual investment?

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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Please assist me in finding the actual investment, and tell me how I am supposed to get it.

The table below shows levels of employment, output, consumption, and saving for a private closed economy. | Possible Levels of Employment, Millions | Real Domestic Output, Billions | Consumption, Billions | Saving, Billions | |-----------------------------------------|-------------------------------|-----------------------|------------------| | 45 | $250 | $249 | $1 | | 50 | 270 | 265 | 5 | | 55 | 290 | 281 | 9 | | 60 | 310 | 297 | 13 | | 65 | 330 | 313 | 17 | | 70 | 350 | 329 | 21 | | 75 | 370 | 345 | 25 | | 80 | 390 | 361 | 29 | | 85 | 410 | 377 | 33 | **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 $21 billion, answer the following questions: a. What are saving and planned investment at the $370 billion level of domestic output? - Saving = $29 billion - Investment = $___ billion b. What are saving and actual investment at that level? - Saving = $29 billion - Investment = $29 billion c. What are saving and planned investment at the $330 billion level of domestic output? - Saving = $17 billion - Investment = $___ billion d. What are the levels of saving and actual investment? - Saving = $17 billion **Graph/Diagram Explanation:** The table presents data on the levels of employment in millions, real domestic output in billions, consumption in billions, and saving in billions for a private closed economy.
Transcribed Image Text:The table below shows levels of employment, output, consumption, and saving for a private closed economy. | Possible Levels of Employment, Millions | Real Domestic Output, Billions | Consumption, Billions | Saving, Billions | |-----------------------------------------|-------------------------------|-----------------------|------------------| | 45 | $250 | $249 | $1 | | 50 | 270 | 265 | 5 | | 55 | 290 | 281 | 9 | | 60 | 310 | 297 | 13 | | 65 | 330 | 313 | 17 | | 70 | 350 | 329 | 21 | | 75 | 370 | 345 | 25 | | 80 | 390 | 361 | 29 | | 85 | 410 | 377 | 33 | **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 $21 billion, answer the following questions: a. What are saving and planned investment at the $370 billion level of domestic output? - Saving = $29 billion - Investment = $___ billion b. What are saving and actual investment at that level? - Saving = $29 billion - Investment = $29 billion c. What are saving and planned investment at the $330 billion level of domestic output? - Saving = $17 billion - Investment = $___ billion d. What are the levels of saving and actual investment? - Saving = $17 billion **Graph/Diagram Explanation:** The table presents data on the levels of employment in millions, real domestic output in billions, consumption in billions, and saving in billions for a private closed economy.
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