Answer:
the bathroom sink :)
Explanation:
a place where there is a sink in front of you and a floor for you to stand on
The table below shows a country's macroeconomic data in 2013.
$175 billion
Consumption spending
Individual income taxes
$32 billion
S30 billion
$25 billion
Private investment
spending
Corporate taxes
Exports
Government purchases
Imports
$75 billion
$40 billion
$100 billion
The country's gross domestic product is
a
347 Billion
b
282 billion
C220 billion
d
309 billion
Answer:220 billion
Explanation:
Based on the various economic factors presented, the GDP for this country is C. $220 Billion
What is the GDP?The Gross Domestic Product is the total dollar value of the final goods and services produced in a country within a period.
It is calculated as:
= Consumption + Investment spending + Government spending + Exports - Imports
= 175 + 30 + 40 + 75 - 100
= $220 Billion
In conclusion, the GDP is $220 billion.
Find out more on GDP at https://brainly.com/question/583208.
If Investment expenditures increase by $300B and MPC is equal to 0.90, what will be the increase in real GDP?
Answer: 3000B
Explanation:
Firstly, we calculate the spending multiplier which will be:
= 1 / (1 -MPC).
= 1 / ( 1 - 0.9)
= 1 / 0.1
= 10
The increase in the real GDP will then be gotten by multiplying the multiplier by the increase on investment. This will be:
= 10 × 300
= 3000B