Answered: 2. If a $580 billion initial increase…

2. If a $580 billion initial increase in spending leads to a $10850 billion change in real GDP. how big is the multiplier?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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2. If a $580 billion initial increase in spending leads to a $10850 billion change in real GDP, how big is
the multiplier?

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