The Simple Multiplier Is Defined As

question 8

Multiple Choice

The simple multiplier is defined as:

• A) 1 - MPS.
• B) change in GDP × initial change in spending.
• C) change in GDP/initial change in spending.
• D) change in GDP - initial change in spending.

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Definitions:

Final Goods

Products that have completed the manufacturing process and are sold to the final consumer.

Goods and Services

The tangible products and intangible activities produced and offered in an economy for purchase.

Produced Within

Describes goods and services that are created or manufactured within a specific geographic boundary, such as a country or region.

U.S. GDP

The total market value of all final goods and services produced within the United States in a given period, serving as a broad measure of its economic activity.