Assume that the multiplier in a country is equal to 4 and that autonomous real consumption spending

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Assume that the multiplier in a country is equal to 4 and that autonomous real consumption spending is $1 trillion. If current real GDP is $15 trillion, what is the current value of real consumption spending?

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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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Question Posted: Aug 01, 2016 12:41 PM

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Assume that the multiplier in a country is equal to 4 and that autonomous real consumption spending

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