You are told that 50 cents out of every dollar pumped into
You are told that 50 cents out of every dollar pumped into the economy goes toward consumption (as opposed to saving). Estimate the GDP impact of a positive change in government spending that equals $15 billion.
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you are told that 50 cents out of every dollar pumped into the economy goes toward consumption as opposed to saving
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answer parts a and b completelypart a suppose nominal gdp in 2012 was 100 billion and in 2014 it was 150 billion the
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