Instructions: Enter only whole numbers for your answers. If you are entering any
ID: 1241514 • Letter: I
Question
Instructions: Enter only whole numbers for your answers. 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 in the table below and assuming investment is $29 billion, what are saving and planned investment at the $410 billion level of domestic output?
possible level real domestic consumption savings
emplymnt(millions) output(bill.) (bill.) (bill.)
45 $250 $249 $ __ans92a__
50 270 265 $ __ans92b__
55 290 281 $ __ans92c__
60 310 297 $ __ans92d__
65 330 313 $ __ans92e__
70 350 329 $ __ans92f__
75 370 345 $ __ans92g__
80 390 361 $ __ans92h__
85 410 377 $ __ans92i__
Saving = $_____ billion
Planned investment = $_____billion
What are saving and actual investment at that level?
Saving = $ _____ billion
Actual investment = $ _____ billion
What are saving and planned investment at the $370 billion level of domestic output?
Saving = $ _____ billion
Planned investment = $ _____ billion
What are the levels of saving and actual investment?
Saving = $ _____ billion
Actual investment = $ _____ billion
In which direction and by what amount will unplanned investment change as the economy moves from the $410 billion level of GDP to the equilibrium level of real GDP?
Instructions: Enter your answers as positive numbers for the two questions below.
Unplanned inventories will _______ by_____ $billion.
From the $370 billion level of real GDP to the equilibrium level of GDP?
Unplanned inventories will_______ by_______ $billion.
Explanation / Answer
at 410 output. savings =output -consumption =410-377 =33 bil panned investment =savings =33 actual investment =29 hence increse in inventory =33-29 =4 bill