Real GDP (dollars) 3,0004,0005,0006,0007,0008,000 Consumption expenditure (dollars) 2,5003,2504,0004,7505,5006,250 Investment (dollars) 500500500500500500 Government expenditure (dollars) 500500500500500500 -In the above table, there are no taxes and no imports or exports. The value of the multiplier for this economy is
A) 0.25. B) 0.75. C) 4.0. D) 1.33.
Correct Answer:
Verified
Unlock this answer now Get Access to more Verified Answers free of charge