Multiple Choice
If initial equilibrium real Gross Domestic Product (GDP) is $500 billion, MPC = 0.9, and autonomous investment increases $40 billion, equilibrium real Gross Domestic Product (GDP) will be
A) $540 billion.
B) $600 billion.
C) $800 billion.
D) $900 billion.
Correct Answer:
Verified
Correct Answer:
Verified
Q50: If an economy saves 20 percent of
Q51: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q52: An increase in the marginal propensity to
Q53: Which of the following will cause an
Q54: What is the result when real planned
Q56: Other things being constant, if the marginal
Q57: Government purchases<br>A) are determined by the public.<br>B)
Q58: If real Gross Domestic Product (GDP) is
Q59: Assuming that Yd = $10,000 and C
Q60: The investment function intersects the saving schedule