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max2010maxim [7]
3 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]3 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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Answer:

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Step-by-step explanation:

Here the four points are<em> (-2,1) (-2,-7) (5,-7) (5,1)</em>

Moving from stop A to B, only the y coordinate changes,

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Thus, the total distance traveled is 8+7+8+7 = 30 units

It is given that <em>1 unit = 125 feet</em>

Thus, the total distance traveled is = (125)(30) = 3750 feet

The total distance walked by Paulo is 3750 feet.

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