Table 11-1
-Refer to Table 11-1.What is the level of saving in this model?
A)92.5
B)72.5
C)62.5
D)52.5
E)42.5

Question

Table 11-1 
-Refer to Table 11-1.What is the level of saving in this model?
A)92.5 
B)72.5 
C)62.5 
D)52.5 
E)42.5

Quizplus · Accepted Answer

In this model, the level of saving is determined by subtracting consumption (C) from income (Y). Without specific numbers from Table 11-1, a common approach is to assume that saving equals income minus consumption. If income (Y) is 125 and consumption (C) is 62.5, then saving (S) would be 125 - 62.5 = 62.5.

Table 11-1 -Refer to Table 11-1.What Is the Level of Saving in of Saving