Part B :Suppose household saving rate (savings as % of GDP) has increased from 54% in 2019 to 55% in 2020. How would this affect the size of the multiplier effect (strengthen or weaken) and why

Part C :Using information available in Part (b), calculate the value of multiplier (for 2020). Suppose the Singapore government had undertaken fiscal stimulus package (assume it as increase ingovernment spending) worth $120 billion in 2020.Calculate your forecast of the overall impact of the government's stimulus package once the full effects are circulated