(Advanced Analysis)Answer the Question on the Basis of the Following

question 20

Multiple Choice

(Advanced analysis) Answer the question on the basis of the following data for a private closed economy.The letters Y,C,S,and I are used to represent real GDP,consumption,saving,and investment respectively. $\begin{array}{ccc}\underline{\text { GDP }(Y) } & \underline{\text { Consumption (C) }} & \underline{\text { Investment (I) }} \\\$ \$ 0 & \$ 60 & \$ 30 \\100 & 120 & 40 \\200 & 180 & 50 \\300 & 240 & 60 \\400 & 300 & 70 \\500 & 360 & 80\end{array}$ The equation representing the investment schedule for the economy is:

• A) I = .3Y.
• B) I = 80 - .3Y.
• C) I = 30 + .1Y.
• D) I = I₀ = 30.

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Definitions:

Median

The middle value in a set of data when arranged in ascending order.

Even Number

An integer that is exactly divisible by 2.

Scores

The quantitative outcomes or measurements that are obtained from tests, assessments, or evaluations.

Two Middle Scores

The median values in a data set, which are the two central numbers in an ordered sequence when the total number of observations is even.