if an increase spending of 10 billion produces 11 billion of overall output what is the...
if an increase spending of 10 billion produces 11 billion of overall output what is the multiplier
Homework Answers
Multiplier is change in overall output/ change in spending = 11/10 = 1.1 .
So multiplier is 1.1.
If you have any doubt feel free to ask.
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if an increase spending of 10 billion produces 11 billion of
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