Possible Levels of Employment, In Millions Real Domestic Output, Billions Consumption, Billions Savings, Billion 35 230...
| Possible Levels of Employment, In Millions | Real Domestic Output, Billions | Consumption, Billions | Savings, Billion |
|---|---|---|---|
| 35 | 230 | 239 | -9 |
| 40 | 250 | 255 | -5 |
| 45 | 270 | 271 | -1 |
| 50 | 290 | 287 | 3 |
| 55 | 310 | 303 | 7 |
| 60 | 330 | 319 | 11 |
| 65 | 350 | 335 | 15 |
| 70 | 370 | 351 | 19 |
| 75 | 390 | 367 | 23 |
Saving, Billions
a. Using the above consumption and saving data and assuming investment is $15 billion, what are saving and planned investment at the $370 billion level of domestic output?
Saving = $ billion.
Planned investment = $ billion.
b. What are saving and actual investment at that level?
Saving = $ billion.
Actual investment = $ billion.
c. What are saving and planned investment at the $330 billion level of domestic output?
Saving = $ billion.
Planned investment = $ billion.
d. What are the levels of saving and actual investment?
Saving = $ billion.
Actual investment = $ billion.
e. In which direction and by what amount will unplanned investment change as the economy moves from the $370 billion level of GDP to the equilibrium level of real GDP?
Unplanned inventories will by $ billion.
f. From the $330 billion level of real GDP to the equilibrium level of GDP?
Unplanned inventories will by $ billion.
Homework Answers
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Possible Levels of Employment, In Millions
Real Domestic Output, Billions
Consumption, Billions
Savings, Billion
35
230...
ASSIGNMENT # 3 Actual aggregate expenditure or output (Y) (billions of $) Consumption (C) (billions of...
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Assuming the level of investment is $16 billion and independent of the level of total output, complete the following table and determine the equilibrium levels of output and employment in this private closed economy. What are the sizes of the MPC and MPS? Be sure to answer both parts of the question—fill in the data and compute the MPC and MPS. Possible levels of employment (millions) Real domestic output (GDP=DI) (billions) Consumption (billions) Saving (billions) 40 45 50 55 60...
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