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If $100 is spent on a public project and the propensity to consume is 0.85 and a margin propensity to import of 0.1, what will
If $100 is spent on a public project and the propensity to consume is 0.85 and a margin propensity to import of 0.1, what will be the total economic impact? (Assuming there is no additional leakage.) (a) $200 (b) $400 (c) $1000 (d) $190
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Contemporary Labor Economics
Authors: Campbell R. McConnell, Stanley L. Brue, David Macpherson
11th Edition
1259290602, 1259290603, 978-1259290602
