Refer to the Information Provided in Table 8

question 151

Multiple Choice

Refer to the information provided in Table 8.5 below to answer the questions that follow.
Table 8.5

-Refer to Table 8.5.Which of the following statements is FALSE?

• A)At an output level $4,000 million,there is a $400 million unplanned inventory decrease.
• B)If aggregate output equals $4,000 million,then aggregate saving equals $1000 million.
• C)The MPC for this economy is 0.8.
• D)At an output level of $3,000 million,there is a $600 million unplanned inventory decrease.

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a marketplace, determined by supply and demand dynamics.

Arms Race

An escalating competition between two or more states to possess superior military capabilities, often leading to increased spending and development of new weapons.

Fisheries Management

The regulation and supervision practices aimed at preserving fish stocks and marine habitats to ensure sustainable use and conservation of aquatic resources.

Distinct Group

A set of individuals or entities that are clearly differentiated from others by specific characteristics, such as cultural, professional, or demographic traits.