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antoniya [11.8K]
4 years ago
14

Consider a hypothetical closed economy in which households spend $0.70 of each additional dollar they earn and save the remainin

g $0.30. the marginal propensity to consume (mpc) for this economy is , and the spending multiplier for this economy is .
Business
1 answer:
Gekata [30.6K]4 years ago
5 0

Answer:

$0.70 and 3.3

Explanation:

Data provided in the question

Household spending for each additional dollar = $0.70

And, the remaining amount = $0.30

So in the given case,

The marginal propensity to consume (MPC) = household spending for each additional dollar i.e $0.70

And, the Spending multiplier is

= 1 ÷ 1 - MPC

= 1 ÷ 1 - $0.70

= 1 ÷ $0.30

= 3.3

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Answer:

€6 million

Explanation:

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3.46 m/s

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This is actually a Physics question and not a Business question.

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3 years ago
(16-25) more questions:)
lys-0071 [83]

Answer:

16. d?

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8 0
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A target market refers to a group of customers to whom a company wants to sell its products and services, and to whom it directs its marketing efforts. Consumers who make up a target market share similar characteristics including geography, buying power, demographics, and incomes.

Hope it helps ya!. Please give me brainliest! ☞︎︎︎☜︎︎︎ thank you!

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bazaltina [42]

Answer:

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