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If the marginal propensity to consume is 4/5,the value of the simple multiplier is
United States
A country located primarily in North America, known for its diverse culture and significant impact on global politics and economy.
Canada
A country located in the northern part of North America, known for its vast landscapes, multicultural cities, and as a member of the Commonwealth of Nations.
Demographic Transition
The shift from high birth and death rates to low birth and death rates as a country develops from a pre-industrial to an industrialized economic system.
Population Growth
The increase in the number of individuals in a population, often measured through rates of birth and immigration.
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