The table below shows levels of employment, output, consumption, and saving for a private closed Possible Levels Real Domestic of Employment, Millions Output, Billions $ 240 260 280 300 320 40 45 50 55 60 65 70 75 80 340 360 380 400 Consumption, Billions $ 244 260 276 292 308 324 340 356 372 billion Saving, Billions -$4 0 4 8 12 16 20 24 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 $20 billion, answer the following questions: a. What are saving and planned investment at the $380 billion level of domestic output? Saving $

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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
40
45
50
55
60
65
70
75
80
Output,
Billions
$ 240
260
280
300
320
340
360
380
400
billion
Consumption,
Billions
$ 244
260
276
292
308
324
340
356
372
billion
Saving,
Billions
-$4
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.
billion
0
4
8
12
16
Using the consumption and saving data above and assuming planned investment is $20 billion, answer the following questions:
a. What are saving and planned investment at the $380 billion level of domestic output?
Saving $1
billion
Investment = $
billion
b. What are saving and actual investment at that level?
Saving $1
billion
Investment-$1
c. What are saving and planned investment at the $340 billion level of domestic output?
Saving S
Investment-$
20
24
28
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, Millions 40 45 50 55 60 65 70 75 80 Output, Billions $ 240 260 280 300 320 340 360 380 400 billion Consumption, Billions $ 244 260 276 292 308 324 340 356 372 billion Saving, Billions -$4 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. billion 0 4 8 12 16 Using the consumption and saving data above and assuming planned investment is $20 billion, answer the following questions: a. What are saving and planned investment at the $380 billion level of domestic output? Saving $1 billion Investment = $ billion b. What are saving and actual investment at that level? Saving $1 billion Investment-$1 c. What are saving and planned investment at the $340 billion level of domestic output? Saving S Investment-$ 20 24 28
d. What are the levels of saving and actual investment?
Saving $1
billion
Investment-$
billion
e. In which direction and by what amount will unplanned investment change as the economy moves from the $380 billion level of GDP
to the equilibrium level of real GDP?
billion.
Unplanned inventories will Click to select)) by $1
t. From the $340 billion level of real GDP to the equilibrium level of GDP?
Unplanned inventories wi
by $
foll
fise
billion.
Transcribed Image Text:d. What are the levels of saving and actual investment? Saving $1 billion Investment-$ billion e. In which direction and by what amount will unplanned investment change as the economy moves from the $380 billion level of GDP to the equilibrium level of real GDP? billion. Unplanned inventories will Click to select)) by $1 t. From the $340 billion level of real GDP to the equilibrium level of GDP? Unplanned inventories wi by $ foll fise billion.
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