In the country of Guadelope, in 2019 GDP increased by $8 million. In the same year, the level of investment in the country was $2 million. What is the multiplier? Select one: a. 6. b. 5. c. 4. d. 1/4.
In the country of Guadelope, in 2019 GDP increased by $8 million. In the same year, the level of investment in the country was $2 million. What is the multiplier? Select one: a. 6. b. 5. c. 4. d. 1/4.
Chapter11: Fiscal Policy
Section: Chapter Questions
Problem 1.6P
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Transcribed Image Text:In the country of Guadelope, in 2019 GDP increased by $8 million. In the same year, the level of
investment in the country was $2 million. What is the multiplier?
Select one:
O a. 6.
O b. 5.
c. 4.
d. 1/4.
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