Refer to the information provided in Table 23.9 below to answer the question(s) that follow.
Table 23.9
-Refer to Table 23.9. At an aggregate output level of $400 billion, aggregate saving
A) equals -$20 billion.
B) equals $0.
C) equals $20 billion.
D) cannot be determined from this information.

Question

Refer to the information provided in Table 23.9 below to answer the question(s) that follow.
Table 23.9 
-Refer to Table 23.9. At an aggregate output level of $400 billion, aggregate saving
A) equals -$20 billion. 
B) equals $0. 
C) equals $20 billion. 
D) cannot be determined from this information.

Quizplus · Accepted Answer

Aggregate saving is calculated as aggregate output minus aggregate consumption. If the table indicates that at $400 billion output, consumption is $420 billion, then saving would be -$20 billion.

Refer to the Information Provided in Table 23