HELP!! URGENT!!!!! 18. If government expenditures increase by $25 billion and equilibrium GDP increases by $50 billion a

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HELP!! URGENT!!!!!
18. If government expenditures increase by $25 billion andequilibrium GDP increases by $50 billion as a result, we canconclude that:
Multiple Choice
the MPC for this economy is .6.
the MPS for this economy is .6.
the expenditures multiplier is 2.
The MPC for this economy is .5

Help Urgent 18 If Government Expenditures Increase By 25 Billion And Equilibrium Gdp Increases By 50 Billion A 1 (16.79 KiB) Viewed 9 times

21. Refer to the above diagram for a private closed economy.Unplanned investment in inventories will:
Multiple Choice
occur at all levels of GDP in excess of $600.
not occur because the economy is necessarily in equilibrium.
occur at all levels of GDP in excess of $200.
occur at all levels of GDP below $600.

Help Urgent 18 If Government Expenditures Increase By 25 Billion And Equilibrium Gdp Increases By 50 Billion A 2 (57.21 KiB) Viewed 9 times

S,lg $150 100 50 0 -50 $100 300 500 700 -Ig 900 GDP
Year 1 2 3 Multiple Choice O Italy (real GDP) $2,000 2,100 2,200 O Refer to the above table, per capita GDP was about: China (real GDP) $303 in year 3 in China. $200 in year 1 in China $5 in year 2 in Italy. $105 in year 3 in Italy. $150,000 152,000 154,000 Italy (population) 200 202 210 China (population) 500 505 508