Refer to Table 8.10. Which of the following statements is false?

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
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Chapter2: Mathematics For Microeconomics
Section: Chapter Questions
Problem 2.4P
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Refer to the information provided in Table 8.10
below to answer the questions that follow.
Table 8.10
Aggregate Output Aggregate Consumption Planned Investment
($ million)
1,500
1,800
2,100
2,400
($ million)
700
($ million)
2,000
2,400
2,800
3,200
700
700Q
700
3,600
2,700
700
Refer to Table 8.10. Which of the following
statements is false?
Select one:
a. At an output level $2,000, there is a $200
million unplanned inventory decrease.
b. The MPC for this economy is 0.75.
c. If aggregate output equals $2,000 million,
then aggregate saving equals $700 million.
d. At an output level of $3,600 million, there is
a $200 million unplanned inventory increase.
Transcribed Image Text:Refer to the information provided in Table 8.10 below to answer the questions that follow. Table 8.10 Aggregate Output Aggregate Consumption Planned Investment ($ million) 1,500 1,800 2,100 2,400 ($ million) 700 ($ million) 2,000 2,400 2,800 3,200 700 700Q 700 3,600 2,700 700 Refer to Table 8.10. Which of the following statements is false? Select one: a. At an output level $2,000, there is a $200 million unplanned inventory decrease. b. The MPC for this economy is 0.75. c. If aggregate output equals $2,000 million, then aggregate saving equals $700 million. d. At an output level of $3,600 million, there is a $200 million unplanned inventory increase.
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