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mihalych1998 [28]
3 years ago
13

As the marginal propensity to consume (MPC) increases, the spending multiplier: Increases, decreases, stays the sameIf the margi

nal propensity to consume is 0.70, then, assuming there are no taxes or imports, the multiplier is: (Note: round to the nearest tenth)Given the multiplier that you calculated, what is the total impact on spending when there is a $1,000 increase in government spending?
Business
1 answer:
Sati [7]3 years ago
3 0

Answer:

(a) As the marginal propensity to consume (MPC) increases, the spending multiplier Increases.

(b) Multiplier is 3.30.

(c) Total impact on spending is $3,300.

Explanation:

(a) As the marginal propensity to consume (MPC) increases, the spending multiplier: Increases, decreases, stays the same.

In economics, the higher the MPC, the higher the spending multiplier.

Therefore, as the marginal propensity to consume (MPC) increases, the spending multiplier Increases.

(b) If the marginal propensity to consume is 0.70, then, assuming there are no taxes or imports, the multiplier is: (Note: round to the nearest tenth).

This can be calculated as follows:

Multiplier = 1 / (1 - MPC) = 1 / (1 - 0.70) = 1 / 0.30 = 3.33333333333333

Rounding to the nearest tenth, we have:

Multiplier = 3.30

(c) Given the multiplier that you calculated, what is the total impact on spending when there is a $1,000 increase in government spending?

Total impact on spending = Increase in government spending * Multiplier = $1,000 * 3.30 = $3,300

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Answer:

Instructions are listed below

Explanation:

Giving the following information:

The following is the cost of each unit:

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A)

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5 0
3 years ago
Data disposal laws require a. businesses to notify individuals who are affected by any incident that results in unauthorized acc
Darina [25.2K]

Answer:

b. businesses to destroy customer data and maintain reasonable security procedures to guard against theft.

Explanation:

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4 0
2 years ago
Ocean House must use various metrics to measure the benefits of its human capital in order to determine the effectiveness of its
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Answer:

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The correct option is a.  Human capital return on investment  .

5 0
2 years ago
One's privilege status can be raised for the sake of solving a security access problem is to provide a trouble ticket, which iss
enot [183]

Answer:

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2 years ago
If real GDP in a year was $3,900 billion and the price index was 130, then nominal GDP in that year was approximately
Eddi Din [679]

Answer:

$5,070 billion

Explanation:

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