37. Consumption 1 = 190 Income 1 = 200 Savings 1 10 Consumption 2 = 230...
37.
| Consumption 1 = | 190 | Income 1 = | 200 | Savings 1 | 10 | ||
| Consumption 2 = | 230 | Income 2 | 250 | Savings 2 | 20 | ||
Given the information above, what is the multiplier, going from Income 1 to Income 2?
Group of answer choices
0
2
3
4
5
Homework Answers
Option (5).
MPS = Change in Savings / Change in Income = (20 - 10) / (250 - 200) = 10/50 = 0.2
Multiplier = 1/MPS = 1/0.2 = 5
Add Answer to:
37.
Consumption 1 =
190
Income 1 =
200
Savings 1
10
Consumption 2 =
230...
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l Exhibit 23-2 Income 0 100 200 300 Consumption 150 230 310 390 Reference: Ref 11-2...
l
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l
Exhibit 23-2 Income 0 100 200 300 Consumption 150 230 310 390 Reference: Ref 11-2 Given the data in Exhibit 23-2, what is the level of consumption if income increases to 400? 480 O 450 O 515 O 465 O 470
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