Table 23.3.4 -Refer to Table 23.3.4. the Table Shows an Economy's Demand

question 70

Multiple Choice

Table 23.3.4

-Refer to Table 23.3.4. The table shows an economy's demand for loanable funds schedule and the private supply of loanable funds schedule when the government's budget is balanced. If the government budget deficit is $1.0 trillion, the real interest rate is ________ percent a year, the quantity of investment is ________ trillion, and the quantity of private saving is ________ trillion.

• A)7; $5.5; $8.5
• B)7; $8.5; $5.5
• C)5; $6.5; $7.5
• D)3; $6.5; $7.0
• E)5; $7.5; $6.5

---

Definitions:

Descriptive Reasoning

The process of making inferences or conclusions based on observed patterns or descriptions without necessarily understanding the mechanisms.

Algorithm

An algorithm is a detailed, step-by-step procedure or formula for solving a problem or completing a task, often used in computing and mathematical processes.

Subgoal

A specific, intermediate goal that forms part of a larger goal, making complex tasks more manageable.

Heuristic

A shortcut or rule of thumb that helps in problem-solving and decision-making but does not guarantee a perfect answer.