Refer to the Information Provided in Table 9

question 58

Multiple Choice

Refer to the information provided in Table 9.4 below to answer the questions that follow.
Table 9.4
-Refer to Table 9.4. At an output level of $2,500, the level for saving

• A) is $600.
• B) is $1,400.
• C) is $1,200.
• D) cannot be determined from this information.

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Definitions:

Average Income

the total income received by the population divided by the number of individuals in the population.

Farm Policy

Government regulations and policies that aim to stabilize food prices, ensure adequate food supply, and protect the interests of farmers and agricultural sectors.

U.S.

United States, a country in North America consisting of 50 states and a federal district, known for its significant influence on global economics and politics.

Demand Volatility

Refers to the degree of unpredictability or fluctuations in consumer demand for products or services over time.