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The GDP (Y) and aggregate consumption expenditure (C) in Canada during Q4-2018 and Q4-2019 in chained (2012) dollars billion are given below and the consumption
The GDP (Y) and aggregate consumption expenditure (C) in Canada during Q4-2018 and Q4-2019 in chained (2012) dollars billion are given below and the consumption function is C = a + MPC*Y where a is autonomous consumption and MPC is the marginal propensity to consume. Q4 2018 Q4 2019 GDP (Y) 2,046 2,082 Consumption expenditure (C) 1,619 1,646 Find the marginal propensity to consume (MPC), consumption multiplier, and the tax multiplier. The MPC is: The consumption multiplier is: The tax multiplier is
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