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Fact 11.3.1 An economy has a fixed price level, no imports, and no income ta...

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Fact 11.3.1

An economy has a fixed price level, no imports, and no income taxes and its MPC is 0.5.

Refer to Fact 11.3.1. If real GDP is $300 billion when investment increases by $10 billion, what is the new level of real GDP?
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