Suppose that a certain country has an mpc of 09 and a real, Business Economics

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Suppose that a certain country has an mpc of 09 and a real

Suppose that a certain country has an MPC of 0.9 and a real GDP of $500 billion. If its investment spending decreases by $8 billion, what will be its new level of real GDP?

Instructions: Round your answer to the nearest whole number.

Real GDP = $ ____ billion.

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Business Economics: Suppose that a certain country has an mpc of 09 and a real

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Business Economics: Suppose that a certain country has an mpc of 09 and a real

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