Macroeconomics 11th Edition by Stephen Slavin

تمرين 8

If Guy Barnes receives $1,000 from his newly created government job and gives $900 to Jingles Althaus for writing him a speech, and then Jingles gives $810 to Alayna Noel for installing a computer system, assuming everyone else in the nation has the same spending pattern: (a) How much is the multiplier? (b) If $10 billion of new investment had been made, by how much would our GDP rise?