Explain how much will real gdp change

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Describe how international trade affects our economy. How the concept of comparative advantage was relevant to the trade negotiations? You may use the following scenarios in your discussions. Imagine that you belong to one of the following Island.

Assume the marginal propensity to consume is equal to 0.90 and investment spending sincreases by $50 billion. Assuming no taxes and no trade, by explain how much will real GDP change?

Reference no: EM1347773

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Explain how much will real gdp change : explain how much will real GDP change. Explain how the concept of comparative advantage was relevant to the trade negotiations.

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