If $30 billion in new investment is added to the economy and MPC is 0.9, national income would increase by

"As long as supply-side effects are ignored, the balanced budget multiplier is equal to zero." Is the previous statement correct or incorrect? Define the balanced budget multiplier and then explain your answer

What will be an ideal response?

Which of the following refers to a two-way trade in which a country both exports and imports the same or very similar products?

A. Inter-industry trade B. Intra-industry trade C. Net trade D. Internal trade