Figure 13-2
-Refer to Figure 13-2. If real GDP is $8 trillion, saving equals
A) $4 trillion.
B) $3 trillion.
C) $2 trillion.
D) $1 trillion.

Name: Figure 13-2 -Refer to Figure 13-2. If real GDP is $8 trillion, saving equals A) $4 trillion. B) $3 trillion. C) $2 trillion. D) $1 trillion.
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Figure 13-2 
-Refer to Figure 13-2. If real GDP is $8 trillion, saving equals
A) $4 trillion. 
B) $3 trillion. 
C) $2 trillion. 
D) $1 trillion.

Quizplus · Accepted Answer

In the diagram, saving is represented by the vertical distance between the 45-degree line and the investment demand curve. At a real GDP of $8 trillion, saving is equal to $3 trillion.

Figure 13-2 -Refer to Figure 13-2. If Real GDP Is $8 Trillion