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An economy has no imports and no income? taxes, MPC is 0.9,and real GDP is $250billion.
Businesses increase investment by ?$2 billion.
Calculate the new level of real GDP and explain why real GDP increases by more than ?$2 billion.
The new level of real GDP is ?$( )billion.
Real GDP increases by more than ?$2 billion because the increase in investment? ______.
A. increases exports
B. enables firms to produce more output
C. induces a decrease in saving
D. induces an increase in consumption expenditure
E. increases the marginal propensity to consume
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