Economics

In an economy the marginal propensity to consume is 0.90, and gross domestic product (GDP) is $100 billion. If gross private domestic investment declines by $2 billion, then GDP will

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  1. Decrease by a maximum of $20 billion

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  2. ⬇by a maximum of $20 billion

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    4. 🚩
  3. 1.8

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