A $1 billion increase in investment will cause a

Multiple Choice
(1 ÷ MPS) billion increase in GDP.
(MPS) billion increase in GDP.
(1 − MPC) billion increase in GDP.
(MPC − MPS) billion increase in GDP.

1 answer

The correct answer to the question about the impact of a $1 billion increase in investment on GDP can be found using the concept of the multiplier effect in economics. The multiplier is calculated as:

\[ \text{Multiplier} = \frac{1}{\text{MPS}} \]

Where MPS = Marginal Propensity to Save.

Thus, a $1 billion increase in investment will cause a multiplier effect that leads to an increase in GDP of:

\[ \text{Increase in GDP} = \text{Investment} \times \text{Multiplier} = 1 \text{ billion} \times \frac{1}{\text{MPS}} \text{ billion} \]

So the correct answer is:

(1 ÷ MPS) billion increase in GDP.