Answer:
the simple multiplier is equal to 4
Step-by-step explanation:
In an economic model,
Y= C + I + G + (X - M)
the average expenditure Y must be equal to the totality of the output
If C = 3 + 0.75Y
where;
marginal propensity to consume MPC = 0.75
Then,
Y = 3 + 0.75Y + 2 + 1
Y = 6+0.75 Y
Y - 0.75 Y = 6
0.25 Y = 6
Y = 6/0.25
Y = 24
However, the simple multiplier can be expressed as:
= 4
Answer:
x = \sqrt(6)/3 , - \sqrt(6)/3
Step-by-step explanation:
decimal form:
x= 0.81649658..., -0.81649658...
Answer:
it's close.
5550 would be the number based on the percentage which is 222÷400=.555 or 55.5%
10000×55.5% is 5550
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