Actual Investment Is $28 Billion and Saving Is $15 Billion

question 81

Multiple Choice

Actual investment is $28 billion and saving is $15 billion at the $166 billion level of output in a private closed economy. At this level:

• A) Consumption will be $151 billion
• B) Planned investment will be $13 billion
• C) Unplanned investment will be $15 billion
• D) Planned investment minus saving will be $38 billion

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Definitions:

Moral Development

The process through which individuals develop proper attitudes and behaviors toward other people in society, based on social and cultural norms, laws, and personal beliefs.

Concrete Operational

A stage in Piaget's theory of cognitive development where children aged 7-12 years begin to think logically about concrete events, but have difficulty understanding abstract or hypothetical concepts.

Formal Operational

The final stage of Jean Piaget's theory of cognitive development, starting at age 12, where individuals develop the ability to think abstractly and reason logically.

Sensorimotor

The developmental stage in early childhood where learning is achieved through physical interactions and experiences with the environment.