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
Organization Code: The four-digit code allotted to each state governmental entity (and at times to exclusive budgetary programs) for fiscal system aims. The organization code is the initial segment of the budget item or appropriation
Expenditure: The expenditures reported on a department’s annual financial reports and “past year” budget documents comprises of amounts paid and accruals (comprising encumbrances and payables) for obligations made for the fiscal year
Planning Estimate Line: The separate planning estimate adjustment or entry for a specific expenditure or type.
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