Answered: Given that MPS = 0.5, what is the…

Given that MPS = 0.5, what is the increase in real GDP from a $100 bllion rise in invetment? $100 billion $150 billion $50 billion $200 billion

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Given that MPS = 0.5, what is the increase in real GDP from a $100 bllion rise in invetment?
$100 billion
$150 billion
$50 billion
$200 billion

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