Multiple Choice
The letters Y, C, Ig, X, and M stand for GDP, consumption, gross investment, exports, and imports respectively.Figures are in billions of dollars.C = 26 + .75Y Ig = 60
X = 24
M = 10
The multiplier for the above economy is:
A) 4.60.
B) 3.33.
C) 5.00.
D) 4.00.
Correct Answer:
Verified
Correct Answer:
Verified
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