Ask Question
BusinessBusiness
20 October, 12:24

Actual investment is $28 billion and saving is $15 billion at the $166 billion level of output in a private closed economy. At this level: A. Consumption will be $151 billionB. Planned investment will be $13 billionC. Unplanned investment will be $15 billionD. Planned investment minus saving will be $38 billion

+5
Answers (1)
  1. 20 October, 12:28
    0
    A. Consumption will be $151 billion

    Explanation:

    Gross domestic product is defined as the total monetary output that a country produces in a particular period. It shows the level of economic growth and development of a country.

    At equillibrum in a private closed economy the following relationship holds true.

    Aggregate expenditure (consumption) = Output - Savings = Investment

    Consumption = 166 billion - 15 billion

    Consumption = $151 billion
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Actual investment is $28 billion and saving is $15 billion at the $166 billion level of output in a private closed economy. At this level: ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What is reported on the statement of cash flows prepared with the indirect method for the year ended December 31, 2020? Assume there were no retirements of common stock or additional purchases of Treasury Stock during 2020.
Answers (1)
On the adjusted trial balance, retained earnings is: Multiple Choice Stated at the period-end amount. Stated at the period-beginning amount. Adjusted for all revenues and expenses for the period. Adjusted for the period's dividends.
Answers (1)
6. Describe a real or made up example of a contract that includes consideration. (1-5 sentences
Answers (1)
Given the data below for a firm in its first year of operation, determine net income under the cash basis of accounting.
Answers (1)
What are six steps in developing your brand's marketing message?
Answers (1)
New Questions in Business
Marin Inc. has an investment in trading securities of $143000. This investment experienced an unrealized loss of $7300 during the current year.
Answers (1)
Jim Bob Airlines has one 57 seat plane. On its last five flights it had 44 passengers from MSY to DFW, 49 passengers from DFW to OKL, 36 passengers from OKL to TUL, 30 passengers from TUL to FWB, and 49 passengers from FWB to MSY.
Answers (1)
All of the following are stakeholders of a firm, except
Answers (2)
A country currently has an outstanding debt of $45 billion. Its current-year expenditures are $12 billion and its tax revenue is $14 billion.
Answers (1)
Yakov left his job as a plumber when his wife took a position in another region. the quantity of plumbing services demanded is considerably lower in the new region, in part because of high union-negotiated wages.
Answers (1)
Home » Business » Actual investment is $28 billion and saving is $15 billion at the $166 billion level of output in a private closed economy. At this level: A. Consumption will be $151 billionB. Planned investment will be $13 billionC.
Sign Up Forgot Password?