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Between 2011 and 2012 Real GDP Increased by $600 Billion

Question 135

Multiple Choice

Between 2011 and 2012 real GDP increased by $600 billion and imports increased by $80 billion.Based on these data,the marginal propensity to import equals


A) 0.13.
B) 7.5.
C) 0.87
D) 0.08.

Correct Answer:

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