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Question 2 Not yet answered Marked out of 15.00 Flag question Calculate the following: If an individual's income is $37,000 and their savings is $3,000
Question 2 Not yet answered Marked out of 15.00 Flag question Calculate the following: If an individual's income is $37,000 and their savings is $3,000 calculate the APC. If their income increases by $5,000 and their consumption increases by 4,000 calculate the MPC and MPS. Did the APS rise or fall with the change in income. Using the above MPC & MPS calculate the new income generated after 5 rounds when the government spends 20 Billion dollars on a new road way from Tunkhannock to Clarks Summit. Indicate whet the multiplier is and what the total new income generated will be given the multiplier. Paragraph B
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