If the Consumption Function Is Defined as C = 7,250

question 86

Multiple Choice

If the consumption function is defined as C = 7,250 + 0.8Y,what is the value of the multiplier?

• A)0.2
• B)0.8
• C)1.25
• D)5

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Definitions:

Millions

A numeral unit representing one thousand thousand, or 1,000,000, often used to quantify large values such as population, currency, or data.

Total Assets

The total value of everything a company owns, both current and non-current, recorded on the balance sheet.

Fixed Assets

Tangible assets purchased for long-term use in the operation of a business, not expected to be converted quickly into cash.