Refer to the Information Provided in Table 8

question 144

Multiple Choice

Refer to the information provided in Table 8.7 below to answer the questions that follow.
Table 8.7
-Refer to Table 8.7. Which of the following statements is false?

• A) At output levels greater than $800 billion, there is a positive unplanned inventory change.
• B) If aggregate output equals $1000 billion, then aggregate saving equals $100.
• C) The MPC for this economy is 0.75.
• D) At an output level of $400 billion, there is a $150 billion unplanned inventory decrease.

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Definitions:

FTAA

The Free Trade Area of the Americas, a proposed agreement to eliminate or reduce trade barriers among all countries in the Americas, excluding Cuba.

Knowledge

The facts, information, and skills acquired through experience or education; the theoretical or practical understanding of a subject.

Skills

The abilities and expertise a person has acquired through training or experience to perform certain tasks.

Abilities

The skills and competencies that enable an individual to perform a particular task or job.