suppose that a certain country has an mpc of 0.9 and a real gdp of $400 billion. if its investment spending decreases by $5 billion, what will be its new level of real gdp?

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24-10-2022
Business

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suppose that a certain country has an mpc of 0.9 and a real gdp of $400 billion. if its investment spending decreases by $5 billion, what will be its new level of real gdp?

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gauravsingh23VT gauravsingh23VT · Answer 1 · 2022-11-07T02:10:53-05:00

$375 billion will be its new level of real GDP.

What is GDP?

One of the most well-known is GDP, or gross domestic product. It is regularly cited in books, newspapers, television news, and reports by governments, central banks, and the corporate world. These days, it is commonly used as a benchmark to gauge the health of both national and global economies.

The gross domestic product is a commonly used indicator of the value added produced by the production of goods and services in a country over a certain time period. As a result, it also takes into account the money made from that manufacturing, or the sum of money spent on finished goods and services.

Thus, it is $375 billion.

For more information about GDP, click here:

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