Craig Flynn
01/17/2024 · Middle School
Potential GDP equals \( \$ 500 \) billion. The economy is currently producing GDP equal to \( \$ 450 \) billion. If the MPC is 0.74 , then autonomous spending billion for the economy to move to potential GDP? Please round to two decimal places where needed.
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The economy needs approximately \( 13.00 \) billion dollars in autonomous spending to reach potential GDP.
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