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max2010maxim [7]
4 years ago
8

If the marginal propensity to consume is 0.8, (a) what is the value of the multiplier?

Mathematics
1 answer:
pentagon [3]4 years ago
7 0
Given the marginal propensity to consume (MPC), the miltiplier is given by

Multiplier = 1 / (1 - MPC)

Given that the marginal propensity to consume is 0.8, the multiplier is given by

Multiplier = 1 / (1 - 0.8) = 1 / 0.2 = 5
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-8/9 - (2 1/3)<br> show all your work
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1 8/9 - 1 2/3 = 2/

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≅ 0.2222222

Step-by-step explanation:

How do you solve fractions step by step?

Conversion a mixed number 1 8/

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Conversion a mixed number 1 2/

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to a improper fraction: 1 2/3 = 1 2/

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= 3 + 2/

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= 5/

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To find a new numerator:

a) Multiply the whole number 1 by the denominator 3. Whole number 1 equally 1 * 3/

3

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c) Write a previous answer (new numerator 5) over the denominator 3.

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For adding, subtracting, and comparing fractions, it is suitable to adjust both fractions to a common (equal, identical) denominator. The common denominator you can calculate as the least common multiple of both denominators - LCM(9, 3) = 9. In practice, it is enough to find the common denominator (not necessarily the lowest) by multiplying the denominators: 9 × 3 = 27. In the following intermediate step, it cannot further simplify the fraction result by canceling.

In other words - seventeen ninths minus five thirds = two ninths

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The integer is always negative or a fraction

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