Suppose that an initial $20 billion increase in investment spending expands GDP by $20 billion in the first round of the multipl
ier process. If GDP and consumption both rise by $10billion in the second round of the process, what is the MPC in this economy?
Instructions: Round your answer to one decimal place
MPC = $
What is the size of the multiplier?
Instructions: Round your answer to one decimal place
The multiplier = $
If, instead, GDP and consumption both rose by $12 billion in the second round, what would have been the size of the multiplier?
Instructions: Round your answer to one decimal place
The multiplier = $
Instructions: Round your answer to one decimal place
MPC = $
What is the size of the multiplier?
Instructions: Round your answer to one decimal place
The multiplier = $
If, instead, GDP and consumption both rose by $12 billion in the second round, what would have been the size of the multiplier?
Instructions: Round your answer to one decimal place
The multiplier = $
1 answer:
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Answer:
Monthly Repayment on Loan = $2634.06
Explanation:
given data
principal = $552,000
annual interest rate = 4% = 0.333% monthly
solution
for get here fair value monthly mortgage payment we consider here time period is 30 year = 360 months
so now we apply here Monthly Repayment on Loan formula that is
Monthly Repayment on Loan = principal × .................1
put here value and we get
Monthly Repayment on Loan = 552000 ×
Monthly Repayment on Loan = $2634.06