1.7 Calculate the new real GDP and explain why real GDP increases by more than 5 billion....
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1.7 Calculate the new real GDP and explain why real GDP increases by more than £5 billion. An economy has a fixed price level, no imports and no income taxes. MPC is 0.80 and real GDP is £150 billion. Businesses increase investment by £5 billion.
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Related Book For 
Economics
ISBN: 9781118150122
10th European Edition
Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews
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