(Answered) Suppose a government is established in a country where none

Economics

Suppose a government is established in a country where none previously existed. The government spends 110, financed by borrowing, to provide public services. If autonomous consumption plus investment is 190 and the marginal propensity to consume MPC = 0.75, what are the equilibrium real GDP values?

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Macroeconomics, Economics

Category:- Macroeconomics
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