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The table below shows levels of employment, output, consumption, and saving for a private closed economy. Possible Levels of Employment, Millions 45 Real Domestic Output, Billions Consumption, Billions Saving, Billions $ 250 $ 249 $1 50 270 265 55 290 281 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 = $ Tbillion 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

The table below shows levels of employment, output, consumption, and saving for a private closed economy. Possible Levels of Employment, Millions 45 Real Domestic Output, Billions Consumption, Billions Saving, Billions $ 250 $ 249 $1 50 270 265 55 290 281 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 = $ Tbillion 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

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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### Economic Analysis Worksheet **d. What are the levels of saving and actual investment?** - **Saving = $17 billion** - **Investment = $17 billion** **e. In which direction and by what amount will unplanned investment change as the economy moves from the $370 billion level of GDP to the equilibrium level of real GDP?** - **Unplanned inventories will** [rise/fall] **by $______ billion.** **f. From the $330 billion level of real GDP to the equilibrium level of GDP?** - **Unplanned inventories will fall by $______ billion.** This section of the worksheet examines the dynamics of savings, investments, and unplanned inventories as the economy transitions to its equilibrium GDP level. It explores both the directional and quantitative changes in unplanned investments at different GDP levels.
Transcribed Image Text:### Economic Analysis Worksheet **d. What are the levels of saving and actual investment?** - **Saving = $17 billion** - **Investment = $17 billion** **e. In which direction and by what amount will unplanned investment change as the economy moves from the $370 billion level of GDP to the equilibrium level of real GDP?** - **Unplanned inventories will** [rise/fall] **by $______ billion.** **f. From the $330 billion level of real GDP to the equilibrium level of GDP?** - **Unplanned inventories will fall by $______ billion.** This section of the worksheet examines the dynamics of savings, investments, and unplanned inventories as the economy transitions to its equilibrium GDP level. It explores both the directional and quantitative changes in unplanned investments at different GDP levels.
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
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
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