1. At an output level of $1200 billion there is an unplanned inventory change of 2. At an output level of $2000 billion there is a tendency for output To fall To either increase or decrease To remain constant To increase 3. At an output level of $2000 billion the value of saving is 100 billion Can’t be determined 200 billion 300 billion 4. The equilibrium level of output is……. Billion 5. At an output level of$2000 billion the aggregate expenditure is 6. At an output level of $1200 billion there is a tendency for output 7 at an output level of $2000 billion there is an unplanned inventory change of
1. At an output level of $1200 billion there is an unplanned inventory change of 2. At an output level of $2000 billion there is a tendency for output To fall To either increase or decrease To remain constant To increase 3. At an output level of $2000 billion the value of saving is 100 billion Can’t be determined 200 billion 300 billion 4. The equilibrium level of output is……. Billion 5. At an output level of$2000 billion the aggregate expenditure is 6. At an output level of $1200 billion there is a tendency for output 7 at an output level of $2000 billion there is an unplanned inventory change of
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
1. At an output level of $1200 billion there is an unplanned inventory change of
2. At an output level of $2000 billion there is a tendency for output
To fall
To either increase or decrease
To remain constant
To increase
3. At an output level of $2000 billion the value of saving is
100 billion
Can’t be determined
200 billion
300 billion
4.
The equilibrium level of output is……. Billion
5. At an output level of$2000 billion the aggregate expenditure is
6. At an output level of $1200 billion there is a tendency for output
7 at an output level of $2000 billion there is an unplanned inventory change of
Transcribed Image Text:Refer to the information provided in Table 4 below to answer
the questions that follow.
Output Consumption
(Income) Spending
400
400
800
700
1,200
1,600
2,000
1,000
1,300
1,600
Table 4
All Numbers are in $ Billion
Net
Taxes
100
100
100
100
100
Investment Government
Spending Spending
200
100
200
100
200
100
200
100
200
100
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