a. By how much will GDP change if firms increase their investment by $8 billion and the MPC is 0.9 2$ billion b. If the MPC is 0.75? billion %24

ENGR.ECONOMIC ANALYSIS
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Author:NEWNAN
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Chapter1: Making Economics Decisions
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Answer the following questions:
Instructions: Enter your answers rounded to the nearest whole number.
a. By how much will GDP change if firms increase their investment by $8 billion and the MPC is 0.90?
2$
billion
b. If the MPC is 0.75?
billion
Transcribed Image Text:Answer the following questions: Instructions: Enter your answers rounded to the nearest whole number. a. By how much will GDP change if firms increase their investment by $8 billion and the MPC is 0.90? 2$ billion b. If the MPC is 0.75? billion
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