In the country of Mordor, the government spent $100 million on swords. Prices do not rise at all, and GDP increases by $200 million. People in Mordor spent 70% of every dollar they received. What percent of every dollar did they spend on imported goods and services? If you think the answer is 29%, write 29. If you think the answer is zero percent, write 0. Answer:

In the country of Mordor, the government spent $100 million on swords. Prices do not rise at all, and GDP increases by $200 million. People in Mordor spent 70% of every dollar they received. What percent of every dollar did they spend on imported goods and services? If you think the answer is 29%, write 29. If you think the answer is zero percent, write 0. Answer:

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter12: Money, Banking And The Financial System

Section: Chapter Questions

Problem 6QP

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