n each of the following cases, calculate the values of MPC, MPW, and the spending multiplier.Enter your responses below rounded to 2 decimal places.

a. A $3 million increase in income leads to a $450,000 rise in consumption on domestic items. MPC is therefore, MPW isand the spending multiplier is.

b. A $2 million decrease in income results in a $0.5 million drop in consumption on domestic items. MPC is therefore, MPW isand the spending multiplier is.

c. A $1 million decrease in income causes a $0.5 million drop in withdrawals. MPC is therefore, MPW isand the spending multiplier is.