If net exports decrease by $10 billion and the MPC is 0.9, what is the ultimate change in GDP?
a. $100 billion
b. -$10 billion
c. $10 billion
d. -$100 billion
e. -$9 billion
D
Economics
You might also like to view...
What is the difference between a supply schedule and a supply curve?
What will be an ideal response?
Economics
Which of the following items is included in GDP?
a. the sale of stocks and bonds b. the sale of used goods c. the sale of services such as those performed by a doctor d. All of the above are included in GDP.
Economics
If M stands for the money stock, P for the price level, and Y for real GDP, then velocity, V, equals:
A. (M × P)/ Y. B. (P × Y)/M. C. (M × Y)/ P. D. (P × M)/ Y.
Economics
________ first presented the product cycle hypothesis.
A. Adam Smith B. Eli Heckscher C. David Ricardo D. Raymond Vernon
Economics