Scenario 21-1 $\$ 10,000$ , Consingtion Spending Is $\$ 6,500$ - Whan Income Is

question 197

Multiple Choice

Scenario 21-1. Take the following information as given for a small, imaginary economy:
- When income is $\$ 10,000$ , consingtion spending is $\$ 6,500$
- Whan income is $\$ 11,000$ , cansumption spending is $\$ 7,300$
-Refer to Scenario 21-1. The multiplier for this economy is

• A)2.86.
• B)2.98.
• C)4.00.
• D)5.00.

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Definitions:

Phase Current

The electric current flowing through one phase of a multi-phase system, like in three-phase electrical systems.

Resistive Load

A type of electrical load in which the current flowing through it is directly proportional to the voltage across it, in accordance with Ohm's law.

Turns Ratio

The proportion between the turns in the primary coil compared to the turns in the secondary coil of a transformer.

Load Resistor

A resistor used in a circuit primarily to replicate the load that a transducer or other device would exert on the circuit.