Change in GDP
How much of modify in GDP will result if firms raise their level of investment by $8 billion and the MPC is .80? If the MPC is .67?
Expert
If MPC is .80, change in GDP is $40 billion (5 x $8 = $40)
Legislative Counsel Digest: The summary of what a legislative measure does contrasting the existing law and the proposed change. This summary emerges on the first page of the bill.
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