Use the relationship between an initial change in spending and the final change in real GDP to answer these questions about the
economies of Utopia and Paradise. The government of Utopia increases spending by $ 4.5 billion and the multiplier is 2 . Real GDP will by how many billion dollars
1 answer:
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Answer:
Explanation:
The four steps in the data processing cycle are the following input, processing, output and storage. The information is first entered into system where it is then processed by the system. Once the information is processed and understood by the system it is then saved in a database. From the database it is then grabbed by the system and sent as an output to where it is needed. This is all illustrated in the drawing attached below.
