ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question

Please answer both sir please i will rate otherwise Dounvote I have no more question

If MPC in an economy is 0.68 and government spending increases by 1.595, what will overall GDP increase by? Please round to two decimal places where needed. If a $550 increase in autonomous investment causes a $4,109 increase in GDP, what is the MPS? Please round to two decimal places where needed.
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Transcribed Image Text:If MPC in an economy is 0.68 and government spending increases by 1.595, what will overall GDP increase by? Please round to two decimal places where needed. If a $550 increase in autonomous investment causes a $4,109 increase in GDP, what is the MPS? Please round to two decimal places where needed.
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