Answered: There is an increase in investment of…

There is an increase in investment of $2000 million in an economy. MPC is given to be as 0. Calculate the total increase in income.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter10: Income And Expenditures Equilibrium

Section: Chapter Questions

Problem 9E

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There is an increase in investment of $2000 million in an economy.

MPC is given to be as 0. Calculate the total increase in income.

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