Question based on change in GDP
How much of alternation in GDP will result if firms increase their level of investment through $8 billion and the MPC is .67?
Expert
If MPC is .67, change in GDP is $33 billion
Statewide Cost Allocation Plan (SWCAP): It is the amount of state administrative, General Fund costs (example, amounts expended by the central service departments like the State Personnel Board, State Treasurer’s Office, State C
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Sponsor: It is an individual, group, or organization which initiates or brings to a Legislator's attention a proposed law modification.
Define the term Surplus: It is an outdated term for a fund’s excess of assets (or resources) over liabilities.
Character of Expenditure: A classification recognizing the major purpose of expenditure, like State Operations, Local Assistance, Capital Outlay, or Unclassified.
Price Increase: Budget adjustment to reflect the inflation factors for particular operating expenses constant with the budget instructions from the Department of Finance.
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