In the country of Mordor, the government spent $200 million on swords. Prices do not rise at all, and GDP increases by $400 million. People in Mordor spent 90% 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 $200 million on swords. Prices do not rise at all, and GDP increases by $400 million. People in Mordor spent 90% 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:

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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