Question: 1. Explain the logic behind the finding that variable imports reduce the numerical value of the multiplier. shown in the following table, construct a 45

1. Explain the logic behind the finding that variable imports reduce the numerical value of the multiplier.

shown in the following table, construct a 45° line diagram and locate the equilibrium level of GDP.

GDP Domestic Expenditures

$2,500 $3,100 3,000 3,400 3,500 3,700 4,000 4,000 4,500 4,300 5,000 4,600

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