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The following table illustrates the multiplier process in a private closed economy: s in a private closed economy: Change in income Change in consumption Change
The following table illustrates the multiplier process in a private closed economy: s 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 multiplier in this economy is: Multiple Choice 5 4 10 2
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