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The nation of Johnsrudia has a marginal propensity to consume (MPC) of [0.9]. If there is an autonomous increase in new home construction of [$10]
The nation of Johnsrudia has a marginal propensity to consume (MPC) of \[0.9\]. If there is an autonomous increase in new home construction of \[\$10\] billion, what will happen to real gross domestic product (GDP)? Choose 1 answer: Choose 1 answer: (Choice A) Real GDP will increase by less than \[\$9\] billion A Real GDP will increase by less than \[\$9\] billion (Choice B) Real GDP will not change B Real GDP will not change (Choice C) Real GDP will increase by more than \[\$10\] billion C Real GDP will increase by more than \[\$10\] billion (Choice D) Real GDP will increase by exactly \[\$9\] billion D Real GDP will increase by exactly \[\$9\] billion (Choice E) Real GDP will increase by exactly \[\$10\] billion E Real GDP will increase by exactly \[\$10\] billion
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