Assume that a country is currently producing at a level of output equal to $600 billion. The government decides to increase expenditures by $25 billion, and the nation's MPC is 0.8. Based on the spending multiplier, what is the nation's new level of total output (in billions of dollars) ?
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Home » Mathematics » Assume that a country is currently producing at a level of output equal to $600 billion. The government decides to increase expenditures by $25 billion, and the nation's MPC is 0.8.