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If the marginal propensity to consume (MPC) is 0.8 and there is a desire to increase real GDP by $400 billion, then
Trade Barriers
Restrictions imposed by a government on international trade, such as tariffs, quotas, and import bans, to protect domestic industries.
Negative Balance of Trade
A situation where a country's imports of goods and services exceed its exports, resulting in a trade deficit.
Net Exports
represents the difference between a country's total value of exports and its total value of imports, indicating the balance of trade.
Exports
Merchandise or services dispatched to a different country for the sake of trade or sales.
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