Saved Bookmarks
| 1. |
Find multiplier if (a) 50% of additional income is saved. (b) MPC=0.25 |
|
Answer» SOLUTION :`(a) K=(1)/(1-MPS)` `=(1)/(0.5)` `RIGHTARROW K=2` (b) `(b) K=(1)/(1-MPC)` `=(1)/(1-0.25)` `Rightarrow K=(1)/(0.75)=(4)/(3)=1.33` |
|