Question
In our small country, has been determined that out of every $1 the people receive, they tend to consume about 90%. It has also been
In our small country, has been determined that out of every $1 the people receive, they tend to consume about 90%. It has also been determined that when the businesses in our country produce about $ 180,000 worth of goods , that we are a stable country (Ye). That is , we have no shortages or surpluses . However , we do have a relatively significant unemployment rate of 7.5% . Assume the businesses are consumers in our country became quite optimistic about the future of our country and increased their collective spending by $ 7,000 .
As a result , our economy ( real GDP ) will increase by what dollar amount ?
Consequently , our new level of real GDP would be what dollar amount ?
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