The Table Given Below Shows the Values of Different Components

question 127

Multiple Choice

The table given below shows the values of different components of aggregate expenditure of an economy.At the equilibrium level of gross domestic product (GDP) ,saving equals _____.​ ​
Table 9.2
​

• A)$0.4 trillion
• B)$0.1 trillion​
• C)$0.5 trillion​
• D)$0.2 trillion​
• E)$0.3 trillion

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Definitions:

Farm Incomes

The earnings generated from the operation of a farm, including profits from selling agricultural products.

Cross Elasticity

A metric showing how demand for a particular good is affected by changes in the pricing of another good.

DVD Players

Electronic devices designed to play discs in the DVD format, capable of producing both sound and video from digital optical disc storage.

Income Elasticity

A measure of how much the demand for a product or service changes relative to a change in consumers' income levels.