The closed economy of Sokovia has a GDP of 150 billion dollars and a marginal propensity to save of 02. In theclosed economy of Madripoor the GDP is 160 billion dollars and the marginal propensity to save is 0 25 We caninfer that6.Select one answer:O It takes Sokovia an injection of 10 billion dollars to reach a GDP of 200 billion dollarsO The multiplier in Madripoor is 6.O The multiplier in Sokovia is 4.O It takes Madripoor an injection of 12 billion dollars to reach a GDP of 200 billion dollars.

Multiplier shows that how much of the countries GDP (Y) changes in response to change in the…

The closed economy of Sokovia has a GDP of 150 billion dollars and a marginal propensity to save of 0 2. In the closed economy of Madripoor the GDP is 160 billion dollars and the marginal propensity to save is 0 25 We can infer that Select one answer: O It takes Sokovia an injection of 10 billion dollars to reach a GDP of 200 billion dollars. O The multiplier in Madripoor is 6. O The multiplier in Sokovia is 4. O It takes Madripoor an injection of 12 billion dollars to reach a GDP of 200 billion dollars.

The closed economy of Sokovia has a GDP of 150 billion dollars and a marginal propensity to save of 0 2. In the closed economy of Madripoor the GDP is 160 billion dollars and the marginal propensity to save is 0 25 We can infer that Select one answer: O It takes Sokovia an injection of 10 billion dollars to reach a GDP of 200 billion dollars. O The multiplier in Madripoor is 6. O The multiplier in Sokovia is 4. O It takes Madripoor an injection of 12 billion dollars to reach a GDP of 200 billion dollars.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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