SOLVED

Refer to the information provided in Table 9.1 below to answer the questions that follow. Table 9.1 21) Refer to Table 9.1. At an output level of $2,000 billion, there is an unplanned inventory change of A) positive $100 billion. B) positive $10 billion. C) negative $100 billion. D) zero. 22) Refer to Table 9.1. The equilibrium level of output is ________ billion. A) $800 B) $1,200 C) $1,600 D) $2,000 23) Refer to Table 9.1. At an output level of $800 billion, disposable income equals ________ billion. A) $800 B) $700 C) $600 D) $500 24) Refer to Table 9.1. At an output level of $2,000 billion, the value of saving A) cannot be determined from the given information. B) is $300 billion. C) is $200 billion. D) is $100 billion. 25) Refer to Table 9.1. At the equilibrium level of income, leakages equal ________ billion. A) $0 B) $100 C) $200 D) $300 26) Refer to Table 9.1 At an output level of $1,200 billion, there is a tendency for output A) to fall. B) to increase. C) to remain constant. D) to either increase or decrease. Refer to the information provided in Table 9.2 below to answer the questions that follow. Table 9.2 27) Refer to Table 9.2. At an output level of $1,500 billion, the level of aggregate expenditure is ________ billion. A) $1,300 B) $1,400 C) $1,500 D) $1,600 28) Refer to Table 9.2. At an output level of $1,500 billion, there is an unplanned inventory A) decrease of $200 billion. B) change of $0. C) increase of $100 billion. D) increase of $150 billion. 29) Refer to Table 9.2. At an output level of $2,500, the level of aggregate expenditure is ________ billion. A) $1,500 B) $2,000 C) $2,200 D) $2,300 30) Refer to Table 9.2. At an output level of $2,500, there is an unplanned inventory A) increase of $300 billion. B) decrease of $200 billion. C) change of $0. D) increase of $200 billion.