Elucidate what is the size of the gdp gap

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Q. Assume that equilibrium real GDP is 800 billion, potential gdp is 900 billion, the mpc is .80, and the mpi is .40 . What is the size of the GDP gap.

Q. Construction workers frequently sponsor political lobbying in support of greater public spending on highways and public buildings. One reason they do this is to.

Reference no: EM1352171

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Elucidate what is the size of the gdp gap : Assume that equilibrium real GDP is 800 billion, potential gdp is 900 billion, the mpc is .80, and the mpi is .40 . What is the size of the GDP gap.

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