15) Given the income and consumption data shown in the table below, what is the spending multiplier ? Given the income and consumption datashown in the table below, what is thespending multiplier?A 5B2.5C 1Cannot be determined becauseincome is increasing ordecreasing in the seven periodsDPeriodIncome Consumption$0$100$16012$1003$350$3104$300$280$400$3406$375$3257$500$400

The spending multiplier indicates the effect of changes in the spending in a nation on the national…

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Given the Income and consumption data shown in the table below, what is the spending multiplier?

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Question

15) Given the income and consumption data shown in the table below, what is the spending multiplier ?

Given the income and consumption data
shown in the table below, what is the
spending multiplier?
A 5
B
2.5
C 1
Cannot be determined because
income is increasing or
decreasing in the seven periods
D
Period
Income Consumption
$0
$100
$160
1
2
$100
3
$350
$310
4
$300
$280
$400
$340
6
$375
$325
7
$500
$400

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