Question 1
Refer to the information provided in Table 23.7 below to answer the question(s) that follow.
Refer to Table 23.7. Which of the following statements is
false?
◦ At output levels greater than $800 billion, there is a positive unplanned inventory change.
◦ If aggregate output equals $1000 billion, then aggregate saving equals $100.
◦ The
MPC for this economy is 0.75.
◦ At an output level of $400 billion, there is a $150 billion unplanned inventory decrease.
Question 2
Refer to the information provided in Table 23.7 below to answer the question(s) that follow.
Refer to Table 23.7. Planned saving equals planned investment at an aggregate output level
◦ of $1,000 billion.
◦ of $800 billion.
◦ of $600 billion.
◦ that cannot be determined from this information.
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Table - Correlation Analysis