Advanced Placement (AP) College

If Investment expenditures increase by $300B and MPC is equal to 0.90, what will be the increase in real GDP?

Answers

Answer 1

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

Related Questions

a) Identify ONE way in which class divisions affected the development of industrialized states in the period 1750–1900.

Answers

Answer:
Industrialization turned the global history in terms of economic as given below:
Explanation:
With the arrival of the industrial revolution in Europe and America, it changed the social and economic conditions of the people. It increases the economy for various countries because it allowed more jobs and led to the formation of urbanization which led to the growth of population. Most of the industries were built based on making profits. Society was moving towards modernism. The change in the living style also led the people to seek an explanation.

Luddism as a class division, affected the use of machines, such as the textile machines in the industrialized states between 1750 - 1900.

Class divisions can also be regarded to as social stratification, whereby a society is divided into classes based on the socio-economic and cultural characteristics of individuals.

In the 1750 - 1900, the quest to raise capital to secure machines and technologies that would perform most production tasks effectively was strongly opposed by a group known as the luddites.

The proponents of Luddism as a school of thought are opposed to new technology which they believe go against human needs and nature.

In summary, Luddism as a class division, affected the use of textile machines in industrialized states between 1750 - 1900.

Learn more here:

https://brainly.com/question/2526169

A place where you brush your teeth with a toothbrush after eating food.

Answers

Answer:

I think its bathroom where we brush our teeth with a toothbrush after eating food .

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

Answers

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.

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