An increase in government spending by $100 would, if the mpc = 0.90, result in an increase in real gdp by:____.

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07-09-2022
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An increase in government spending by $100 would, if the mpc = 0.90, result in an increase in real gdp by:____.

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Tutorconsortium344idn Tutorconsortium344idn · Answer 1 · 2022-09-16T11:05:40-04:00

A $100 increase in government spending would result in a $1,000 rise in real GDP if the mpc = 0.90.

Gross domestic product (GDP):

Gross domestic product (GDP) is a monetary measure of the market value of all final products and services produced by countries in a given time period. Because of its complexity and subjectivity, this metric is frequently changed before being regarded a credible indication. GDP (nominal) per capita, on the other hand, does not account for differences in the cost of living and inflation rates among countries; thus, using GDP per capita at purchasing power parity (PPP) may be more useful.

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