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Which of the following is correct? Can you please explain why the correct option is right and why the remaining options are incorrect. In an

Which of the following is correct? Can you please explain why the correct option is right and why the remaining options are incorrect.

In an economy where the marginal propensity to consume is 0.7, the proportional tax rate is 0.25 and the marginal propensity to import is 0.2, the multiplier will be: Select one: Oa. 1.48 O b. 0.675 O C. 2.35 O d. 2.10

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