How much more (or less) output will the average American have next year if the $22 trillion U.S. economy (GDP) grows (or contracts) by Instructions: Round your responses to the nearest dollar. If the economy is contracting be sure to include a negative sign (-) in front of your answer. assuming a population of 340 million a. 1 percent? $ per person b. 3.5 percent? $ per person c. 1.5 percent? $ per person

How much more (or less) output will the average American have next year if the $22 trillion U.S. economy (GDP) grows (or contracts) by Instructions: Round your responses to the nearest dollar. If the economy is contracting be sure to include a negative sign (-) in front of your answer. assuming a population of 340 million a. 1 percent? $ per person b. 3.5 percent? $ per person c. 1.5 percent? $ per person

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: Six Debates Over Macroeconomic Policy

Section18.5: Should The Government Balance Its Budget?

Problem 5QQ

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