Multiple Choice
If the marginal propensity to save (MPS) is 0.5 and net exports falls by $10 million, then
A) real Gross Domestic Product (GDP) will increase by $5 million.
B) real Gross Domestic Product (GDP) will fall by $20 million.
C) real Gross Domestic Product (GDP) will not change.
D) the effect on real Gross Domestic Product (GDP) cannot be determined from the given information.
Correct Answer:
Verified
Correct Answer:
Verified
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Q315: Saving equals<br>A) disposable income minus taxes.<br>B) disposable
Q316: Which of the following is NOT included
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