The search for unrecorded liabilities consists of procedures designed specifically to detect unrecorded payables and liabilities
1 answer:
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Answer:
The correct answer is $250 billion.
Explanation:
An economy is operating at an output level of $4,000 billion.
The potential output level is $5,000 billion.
The marginal propensity to consume is 0.75.
The recessionary gap is
= $5,000 billion - $4,000 billion
= $1,000 billion
ΔY =
$1,000 =
$1,000 =
$1,000 =
ΔG =
The change in income required to correct this recessionary gap is $250 billion.