0 Points: 0 of 1 Michael is an Internet service provider. On December 31, 2016, he bought an existing business with sewers and a building worth $200,000. 6 During 2017, his business grew and he bought new sewers for $300,000. The market value of some of his older servers fell by $200,000. What was Michael's gross investment, depreciation, and net investment during 2017? <:> Michael's gross investment during 2017 was $|:|. . a, 1 o 10 pomts 0 Points: 0 of 1 7 Homework Lori is a student who teaches golf on Saturdays. In a year she earns $15,000 after paying her taxes. '6 At the beginning of 2017, Lori owned $2,000 worth of books, DVDs, and golf clubs and she had $6,000 in a savings account at the bank. During 2017, the interest on her savings account was $300 and she spent a total of $10,000 on consumption goods and services. There was no change in the market values of her books, DVDs, and golf clubs. How much did Lori save in 2017? What was her wealth at the end of 2017'? E> In 2017, Lori saved $ 0 Points: 0 of 1 The table sets out the data for an economy when the government's budget is balanced. Real ' interest rate Loanable funds Loanable funds Calculate the equilibrium real interest rate, investment, and private saving. (percent demanded supplled per year) (billions of 2007 dollars) If planned saving increases by $0.5 billion at each real interest rate, 4 a_o 6.0 explain the change in the real interest rate. 5 7-5 6.5 If planned investment increases by $1 billion at each real interest rate, 6 7-0 7-0 explain the change in saving and the real interest rate. 7 6.5 7.5 8 6.0 8.0 (\\ 9 5.5 8.5 10 5.0 9.0 The real interest rate is D percent a year. >>> Answer to 1 decimal place