Goods also services also net exports are autonomous

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Reference no: EM1320167

Q. Consider an economy in which taxes, planned investment, government spending on goods also services also net exports are autonomous, but consumption also planned investment change as the interest rate changes. You are given the subsequent information concerning autonomous consumption, the marginal propensity to consume, planned investment, government purchases of goods also services also net exports

Q. Real GDP was $9,950 billion in Year 1 also $10,270 billion in Year 2. Illustrate what was the approximate rate of economic growth from Year 1 to Year 2?

Reference no: EM1320167

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