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
Im pretty sure the answer is 10. Hope this helped.
Answer:
6.28 cm
Step-by-step explanation:
The formula for the circumference of a circle with radius r is C = 2*pi*r.
If we let pi = 3.14 and r = 1 cm, then the circumference of this circle is
C = 2(3.14)(1 cm) = 6.28 cm