Question: Calculate the changes in real GDP that would result in each of the following cases: a. Government purchases rise by $7,500, and the MPC is

Calculate the changes in real GDP that would result in each of the following cases:
a. Government purchases rise by $7,500, and the MPC is 0.95.
b. Planned investment spending falls by $300,000 and the MPC is 0.65.
c. Export spending rises by $60 billion at the same time that import spending rises by $65 billion, and the MPC is 0.75.

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