The table below shows levels of employment, output, consumption, and saving for a private closed economy. Possible Levels Real Domestic of Employment, Millions Output, Billions $ 250 Consumption, Billions Saving, Billions 45 $ 249 $1 50 270 265 5 55 290 281 9 60 310 297 13 65 70 330 313 17 350 329 21 75 370 345 25 80 390 361 29 85 410 377 Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Using the consumption and saving data above and assuming planned investment is $21 billion, answer the following questions: a. What are saving and planned investment at the $370 billion level of domestic output? Saving = $ 29 billion Investment = $ |billion b. What are saving and actual investment at that level? Saving = $ 29 billion Investment = $ 29 billion c. What are saving and planned investment at the $330 billion level of domestic output? Saving = $ 17 billion Investment = $[ billion d. What are the levels of saving and actual investment?

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter21: Financial Markets, Saving, And Investment
Section: Chapter Questions
Problem 9P
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Please assist me in finding the actual investment, and tell me how I am supposed to get it.

The table below shows levels of employment, output, consumption, and saving for a private closed economy.
Possible Levels
Real Domestic
of Employment,
Millions
Output,
Billions
Consumption,
Billions
Saving,
Billions
45
$ 250
$ 249
$1
50
270
265
5
55
290
281
9
60
310
297
13
65
330
313
17
70
350
329
21
75
370
345
25
80
390
361
29
85
410
377
33
Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in
front of those numbers.
Using the consumption and saving data above and assuming planned investment is $21 billion, answer the following questions:
a. What are saving and planned investment at the $370 billion level of domestic output?
Saving = $
29 billion
Investment = $
billion
b. What are saving and actual investment at that level?
Saving = $
29 billion
Investment = $
29 billion
c. What are saving and planned investment at the $330 billion level of domestic output?
Saving = $
17 billion
Investment = $
billion
d. What are the levels of saving and actual investment?
Saving = $
17 billion
Transcribed Image Text:The table below shows levels of employment, output, consumption, and saving for a private closed economy. Possible Levels Real Domestic of Employment, Millions Output, Billions Consumption, Billions Saving, Billions 45 $ 250 $ 249 $1 50 270 265 5 55 290 281 9 60 310 297 13 65 330 313 17 70 350 329 21 75 370 345 25 80 390 361 29 85 410 377 33 Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Using the consumption and saving data above and assuming planned investment is $21 billion, answer the following questions: a. What are saving and planned investment at the $370 billion level of domestic output? Saving = $ 29 billion Investment = $ billion b. What are saving and actual investment at that level? Saving = $ 29 billion Investment = $ 29 billion c. What are saving and planned investment at the $330 billion level of domestic output? Saving = $ 17 billion Investment = $ billion d. What are the levels of saving and actual investment? Saving = $ 17 billion
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