Question 8 Real GDP in the economy is $7,900 Billion and the Marginal Propensity to Consume is 0.56. What will Real GDP in the economy be, in $ Billions, after a $10 Billion increase in Government Spending? (Round your FINAL answer to the nearest whole number/integer.) (BE VERY CAREFUL NOT TO ROUND "MIDDLE" CALCULATIONS. ONLY ROUND THE FINAL ANSVWER.) (Do not enter a dollar sign, $. or the word "Billion", just the number.)

Question 8 Real GDP in the economy is $7,900 Billion and the Marginal Propensity to Consume is 0.56. What will Real GDP in the economy be, in $ Billions, after a $10 Billion increase in Government Spending? (Round your FINAL answer to the nearest whole number/integer.) (BE VERY CAREFUL NOT TO ROUND "MIDDLE" CALCULATIONS. ONLY ROUND THE FINAL ANSVWER.) (Do not enter a dollar sign, $. or the word "Billion", just the number.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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9:20 197% O a 36l Show Timer ¥ Question Completion Status: yovtmItni taptists DIVIDENDS 70 net investment expenditure 300 find the value of the following accounts : 1- national savings ? 2- Business savings ? 3- Government savings ? 4- Retained profit? 5- Depreciation ? ) A Moving to another question will save this response. « K Question 2 of 9 Il>
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ASAP
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