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You have the following information on personal consumption expenditures (C) and disposable income (Yd for two consecutive years): Year C Yd 1 18,000 20,000 2
You have the following information on personal consumption expenditures (C) and disposable income (Yd for two consecutive years):
Year C Yd
1 18,000 20,000
2 21,000 24,000
Assume that the government injected $100 billion in year 3 and based on the above data the multiplier effect on the $100billion of "G" will product $ _______ of Total Expenditure.
a.
$133.333 billion
b.
$566.667 billion
c.
$500.000 billion
d.
$400 billion
e.
none of the above
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