ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Assume the MPC is 2/3. If investment spending increases by $2 billion, the level of GDP will increase by:
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$3 billion.
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$2/3 billion.
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$6 billion.
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$2 billion.
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Explanation:
Detailed explanation-1: -Assume the MPC is 2/3. If investment spending increases by $2 billion, the level of GDP will increase by:-$3 billion.
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