The following table shows the Real GDP and Consumption in Country A and Country B over two years: Year 1: Year 2: Year 1: Year 2: Country Real Real Consumption Consumption GDP GDP $100 $120 A $50 billion $60 billion billion billion $100 $180 $45 billion $95 billion billion billion If both Country A and Country B increase government spending by $30 billion, real GDP will increase most in Country .The maximum increase in real GDP in this country is $ billion (Round to 1 decimal place).

The following table shows the Real GDP and Consumption in Country A and Country B over two years: Year 1: Year 2: Year 1: Year 2: Country Real Real Consumption Consumption GDP GDP $100 $120 A $50 billion $60 billion billion billion $100 $180 $45 billion $95 billion billion billion If both Country A and Country B increase government spending by $30 billion, real GDP will increase most in Country .The maximum increase in real GDP in this country is $ billion (Round to 1 decimal place).

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Q.2
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