Solved

Actual Investment Is $62 Billion at an Equilibrium Output Level

Question 14

Multiple Choice

Actual investment is $62 billion at an equilibrium output level of $620 billion in a private closed economy.The average propensity to save at this level of output:


A) is 0.10.
B) is 10.
C) is 0.62.
D) cannot be determined on the basis of the information given.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q9: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" The tax in

Q10: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the

Q11: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the

Q12: The following information is consumption and investment

Q13: If APC = .6 and MPC =

Q15: The letters Y, C, I<sub>g</sub>, X, and

Q16: Complete the following table and answer the

Q17: If an increase in aggregate expenditures results

Q19: The table shows a private, open economy.All

Q169: Which of the following statements is incorrect?<br>A)Given