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Travka [436]
3 years ago
15

(a) how much more output does the $18 trillion u.s. economy produce when gdp increases by 1.0 percent? instructions: enter your

response rounded to two decimal places.
Business
1 answer:
Lera25 [3.4K]3 years ago
3 0
<span>The output generated when the GDP increases by 1.0 percent, given an $18 trillion status of the U.S. economy is $0.18 trillion. This figure is found by taking $18 trillion (1.8*10^10) * 1% (0.01) = $1.8 billion (1.8*10^9). Simplifying the equation it is $18 trillion*1% = $0.18 trillion.</span>
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