The closed economy of Sokovia has a GDP of 150 billion dollars and a marginal propensity to save of 0 2. In the closed economy of Madripoor the GDP is 160 billion dollars and the marginal propensity to save is 0 25 We can infer that Select one answer: O It takes Sokovia an injection of 10 billion dollars to reach a GDP of 200 billion dollars. O The multiplier in Madripoor is 6. O The multiplier in Sokovia is 4. O It takes Madripoor an injection of 12 billion dollars to reach a GDP of 200 billion dollars.
The closed economy of Sokovia has a GDP of 150 billion dollars and a marginal propensity to save of 0 2. In the closed economy of Madripoor the GDP is 160 billion dollars and the marginal propensity to save is 0 25 We can infer that Select one answer: O It takes Sokovia an injection of 10 billion dollars to reach a GDP of 200 billion dollars. O The multiplier in Madripoor is 6. O The multiplier in Sokovia is 4. O It takes Madripoor an injection of 12 billion dollars to reach a GDP of 200 billion dollars.
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter18: Savings,investment And The Financial System
Section: Chapter Questions
Problem 2CQQ
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