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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 = $ ]billion Investment = $ |billion b. What are saving and actual investment at that level? Saving = $ [ ] billion Investment = $ |billion c. What are saving and planned investment at the $340 billion level of domestic output? Saving = $| |billion Investment = $ ]billion d. What are the levels of saving and actual investment? Saving = $ ] 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? Unplanned inventories will (Click to select) by $ | billion. f. From the $340 billion level of real GDP to the equilibrium level of GDP? Unplanned inventories will (Click to select) : by $| |billion.

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 = $ ]billion Investment = $ |billion b. What are saving and actual investment at that level? Saving = $ [ ] billion Investment = $ |billion c. What are saving and planned investment at the $340 billion level of domestic output? Saving = $| |billion Investment = $ ]billion d. What are the levels of saving and actual investment? Saving = $ ] 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? Unplanned inventories will (Click to select) by $ | billion. f. From the $340 billion level of real GDP to the equilibrium level of GDP? Unplanned inventories will (Click to select) : by $| |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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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 = $_____ billion - Investment = $_____ billion b. What are saving and actual investment at that level? - Saving = $_____ billion - Investment = $_____ billion c. What are saving and planned investment at the $340 billion level of domestic output? - Saving = $_____ billion - Investment = $_____ billion d. What are the levels of saving and actual investment? - Saving = $_____ 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? - Unplanned inventories will (Click to select) by $_____ billion. f. From the $340 billion level of real GDP to the equilibrium level of GDP? - Unplanned inventories will (Click to select) by $_____ billion.
Transcribed Image Text: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 = $_____ billion - Investment = $_____ billion b. What are saving and actual investment at that level? - Saving = $_____ billion - Investment = $_____ billion c. What are saving and planned investment at the $340 billion level of domestic output? - Saving = $_____ billion - Investment = $_____ billion d. What are the levels of saving and actual investment? - Saving = $_____ 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? - Unplanned inventories will (Click to select) by $_____ billion. f. From the $340 billion level of real GDP to the equilibrium level of GDP? - Unplanned inventories will (Click to select) by $_____ billion.
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 | |------------------------------------------|-------------------------------|----------------------|------------------| | 40 | $240 | $244 | -$4 | | 45 | $260 | $260 | 0 | | 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.
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 | |------------------------------------------|-------------------------------|----------------------|------------------| | 40 | $240 | $244 | -$4 | | 45 | $260 | $260 | 0 | | 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.
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