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Author Question: Multiplier EffectsSuppose that autonomous consumption spending increases by $90 million. If the ... (Read 120 times)

kckanistras

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Question 1

Multiplier Effects

If an increase in autonomous consumption spending of $50 billion results in a $200 billion increase in equilibrium real GDP, then the marginal propensity to consume (MPC) is ________. (Round to the nearest hundredth when appropriate.)
◦ 4
◦ 0.02
◦ 0.75
◦ 0.25

Question 2

Multiplier Effects

Suppose that autonomous consumption spending increases by $90 million. If the marginal propensity to consume (MPC) is 0.65, then what is the change in real GDP? (Round to the nearest hundredth when appropriate.)
◦ $58.5 million
◦ $257.14 million
◦ $0.01 million
◦ $138.46 million


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Marked as best answer by kckanistras on Nov 23, 2022

romyclv

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kckanistras

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it


dyrone

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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