kenziedil4333 kenziedil4333
  • 23-03-2018
  • Business
contestada

If the mpc is 0.70 and investment increases by $3 billion, the equilibrium gdp will

Respuesta :

MrsTriplet MrsTriplet
  • 02-04-2018
If the MPC is 0.70 and investment increases by $3 billion, the equilibrium GDP will increase by $10 billion. 

The GDP is the Gross Domestic Product and the MPC is the marginal propensity to consume. The MPC tracks that a raise in pay will increase consumers spending on goods and services. If there is an increase in spending budget, then the GDP will increase because of more spending power.
Answer Link

Otras preguntas

Which region of Africa is hiv most prevalent
This is a measure of force per unit area.
What was the effect of Carter’s attempts to free the hostages in Iran? The hostages were returned to the United States immediately. The United States increased
Find the volume of a cylinder with a diameter of 8 inches and a height that is three times radius
I need help please!!!???):
How many districts make up the federal reserve system
What is the client software program that retrieves web documents and displays them to the user?
What nuclear reaction is the energy source of a white dwarf?
Proteolytic enzymes are activated in the small intestine using the enzyme
Megan invests $1,500 in a certificate of deposit. Each year the certificate of deposit earns 1.3% interest. Does this situation describe exponential growth or e