Refer to the information provided in Table 24.3 below to answer the question(s) that follow.
Table 24.3
-Refer to Table 24.3. At an output level of $3,000 billion, the value of saving is ________ billion.

Question

Refer to the information provided in Table 24.3 below to answer the question(s) that follow.
Table 24.3 
-Refer to Table 24.3. At an output level of $3,000 billion, the value of saving is ________ billion.

Quizplus · Accepted Answer

At an output level of $3,000 billion, saving is the difference between disposable income ($2,500 billion) and consumption expenditure ($2,050 billion).

Saving = Disposable Income - Consumption Expenditure 
Saving = $2,500 billion - $2,050 billion 
Saving = $450 billion

Therefore, the value of saving at an output level of $3,000 billion is $450 billion, which corresponds to choice (B).

Refer to the Information Provided in Table 24