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The following table illustrates the multiplier process in a private closed economy: Change in income Change in consumption Change in saving Assumed increase in investment

The following table illustrates the multiplier process in a private closed economy: Change in income Change in consumption Change in saving Assumed increase in investment $20 $_____ $4 Second round $_____ $12.80 $_____ All other rounds $_____ $51.20 $_____ Totals $_____ $_____ $20 Refer to the above table. The change in income in round two will be: Multiple Choice $20 $16 $4 $24

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