The multiplier can be derived by using specific info below
The multiplier can be derived by using specific info below. Start with the identity that income=Spending.
Y=C+I+G+X
consumption Function=
C=c+.8Y
Derive the GDP multiplier. Show all steps.
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the multiplier can be derived by using specific info below start with the identity that incomespendingycigxconsumption
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table 1year hours per employed worker employment to population working age population20101000 50 1002015 1200 60
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