9. Please Solve the answer can u see in option im needed max in 15-20 minutes thank u The closed economies of Sokovia and Madripoor want to increase their GDP, so that it reaches 200 billion dollars.In Sokovia the GDP this year is 150 billion dollars and the marginal propensity to save is 0.2. In Madripoor theGDP this year is 160 billion dollars and the marginal propensity to save is 0.25. We can infer that:6.Select one answer:O It takes the same injection of money for Sokovia and Madripoor to reach a GDP of 200 billion dollars.Neither country can reach a GDP of 200 billion dollars.It takes a larger injection of money for Madripoor to reach a GDP of 200 billion dollars than it takes forSokovia.It takes a larger injection of money for Sokovia to reach a GDP of 200 billion dollars than it takes forMadripoor.

Marginal propensity to save refers to the portion of income that one will save instead of consuming.…

The closed economies of Sokovia and Madripoor want to increase their GDP, so that it reaches 200 billion dollars. In Sokovia the GDP this year is 150 billion dollars and the marginal propensity to save is 0.2. In Madripoor the GDP this year is 160 billion dollars and the marginal propensity to save is 0.25. We can infer that: Select one answer: O It takes the same injection of money for Sokovia and Madripoor to reach a GDP of 200 billion dollars. O Neither country can reach a GDP of 200 billion dollars. It takes a larger injection of money for Madripoor to reach a GDP of 200 billion dollars than it takes for Sokovia. It takes a larger injection of money for Sokovia to reach a GDP of 200 billion dollars than it takes for Madripoor.

The closed economies of Sokovia and Madripoor want to increase their GDP, so that it reaches 200 billion dollars. In Sokovia the GDP this year is 150 billion dollars and the marginal propensity to save is 0.2. In Madripoor the GDP this year is 160 billion dollars and the marginal propensity to save is 0.25. We can infer that: Select one answer: O It takes the same injection of money for Sokovia and Madripoor to reach a GDP of 200 billion dollars. O Neither country can reach a GDP of 200 billion dollars. It takes a larger injection of money for Madripoor to reach a GDP of 200 billion dollars than it takes for Sokovia. It takes a larger injection of money for Sokovia to reach a GDP of 200 billion dollars than it takes for Madripoor.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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