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The table below shows levels of employment, output, consumption, and saving for a private closed economy. Saving, Billions -$4 Possible Levels of Employment, Millions 40
The table below shows levels of employment, output, consumption, and saving for a private closed economy. Saving, Billions -$4 Possible Levels of Employment, Millions 40 45 50 55 60 65 70 75 80 Real Domestic Output) Billions $ 240 260 280 300 320 340 360 380 400 Consumption, Billions $ 244 260 276 292 308 324 340 356 372 4 8 12 16 20 24 28 Instructions: Enter your answers as a whole number Using the consumption and saving data above and assuming planned investment is $16 billion, answer the followi a. What are saving and planned investment at the $380 billion level of domestic output? Saving = $ 24 billion Investment = $ 28 billion b. What are saving and actual investment at that level? Saving = $ 24 billion Investment = $ 24 billion c. What are saving and planned investment at the $300 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 trivestment change as the economy moves from the $380 billion level of GDP to the equilibrium level of real GDP? Unplanned inventories will by s -4 bilion Tall From the $300 billion level of real GDP to the equilibrium level of GDP? Unplanned Inventories will rise by s 4 billion
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