Complete Table 9 $\text { Table } 9.2$ If the Full-Employment Level of Income (Y_F)in Table 9

question 56

Multiple Choice

Complete Table 9.2.(Data are expressed in billions of dollars.) $\begin{array}{cccc}\text { Full Employment } & \text { Consumers } & \text { Investors Desire } & \text { Total Private } \\\text { Income (Output) } & \text { Desire to Spend } & \text { to Spend } & \text { Spending }&\text { Total Saving }\\\hline\$ 500 & \$ 300 & \$ 250&\$\_\_\_&\$\_\_\_ \\600 & 375 & 250&\$\_\_\_&\$\_\_\_ \\700 & 450 & 250&\$\_\_\_&\$\_\_\_ \\800 & 525 & 250&\$\_\_\_&\$\_\_\_\end{array}$

$\text { Table } 9.2$ If the full-employment level of income (Y_F) in Table 9.2 is $700 billion,

• A)The economy is in equilibrium.
• B)There is a recessionary gap of $250 billion.
• C)There is an inflationary gap of $450 billion.
• D)There is an inflationary gap of $700 billion.

Identify the characteristics and limitations of closed and open-ended questions in data collection.

Distinguish between the reliability and validity of a survey and its impact on survey outcomes.

Recognize the significance of conducting interviews and focus groups as primary research methods.

Acknowledge the significance and process of conducting primary research for gathering specific project data.

---

Definitions:

Antifraud Provisions

Sections within laws or regulations aimed at preventing deceitful practices and protecting parties from fraudulent activities.

Securities Exchange Act

A federal law enacted in the United States to regulate the trading of securities in the secondary market, to ensure transparency and fairness.

Internal Revenue Code

The body of law governing federal tax administration in the United States.

Felony

A serious crime, typically involving violence, regarded as more severe than a misdemeanor, and generally punishable by imprisonment for more than one year or by death.