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The table below illustrates values for consumption spending, saving, and planned investment in a closed, private economy.
Aggregate Output Consumption Saving Planned Investment Planned Aggregate Unplanned Inventory Change Expenditure(GDP = Y) (C) (S) (I) (AE = C + I)
430 432 -2 30 462 -32450 448 2 30 478 -28470 464 6 30 494 -24490 480 10 30 510 -20510 496 14 30 526 -16530 512 18 30 542 -12550 528 22 30 558 -8570 544 26 30 574 -4590 560 30 30 590 0610 576 34 30 606 4
1) According to the table, the MPC is equal to what?
2) determine When saving equals investment.
3) find When planned aggregate expenditure is less than aggregate output.
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