Use the table below to answer the following questions.
Table 7.2.1
The table shows an economy's demand for loanable funds schedule and supply of loanable funds schedule.

-Consider Table 7.2.1.What is the equilibrium quantity of saving?
A)$6.5 trillion
B)$5.5 trillion
C)$4.5 trillion
D)$5.0 trillion
E)$6.0 trillion

Question

Use the table below to answer the following questions.
Table 7.2.1
The table shows an economy's demand for loanable funds schedule and supply of loanable funds schedule.
 
-Consider Table 7.2.1.What is the equilibrium quantity of saving?
A)$6.5 trillion 
B)$5.5 trillion 
C)$4.5 trillion 
D)$5.0 trillion 
E)$6.0 trillion

Quizplus · Accepted Answer

The equilibrium quantity of saving is determined at the point where the supply of saving equals the demand for investment. Without the specific details from Table 7.2.1, it's impossible to directly calculate or confirm the equilibrium quantity. However, based on standard economic principles, equilibrium is achieved when supply equals demand. Since I cannot see Table 7.2.1, I cannot provide a specific explanation based on the data. My answer is based on a placeholder as I cannot access external documents or tables.

Use the Table Below to Answer the Following Questions