The government wants to increase real gdp demanded to 15, Ask an Expert

Economics

Q. Suppose that the MPC = 0.8 and that $14 trillion of real GDP is currently being demanded. The government wants to increase real GDP demanded to $15 trillion at the given price level. By how much would it have to increase government spending to achieve this goal?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9156086

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