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GDP for a small country was $295.4 billion last year. Economists believe that if healthy, this economy should grow by 4% this year. However, the
GDP for a small country was $295.4 billion last year. Economists believe that if healthy, this economy should grow by 4% this year. However, the country has been struck by a recession, and GDP this year is expected to be $257.7 billion. Empirical estimates suggest that the marginal propensity to consume in this country is 69.4%. It's 3:00 AM and the president of this country calls you in a panic. "Please! My country needs you! We are going to do some fiscal policy, but we don't know how much to spend. You took Dr. Goegan's incredible course on Macroeconomics, so please, tell us, how much additional government spending will restore our economy to the level we expected to be at?" You say, "Easy. Restoring your economy will cost you one free vacation for me plus $_________ billion." What number fills in the blank, rounded to two decimal place
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