Assume the Saving Schedule for a Private Closed Economy Is

question 84

Multiple Choice

Assume the saving schedule for a private closed economy is S = -20 + 0.2Y, where S is saving and Y is gross domestic product.The multiplier for this economy:

• A)is 3.
• B)is 4.
• C)is 5.
• D)cannot be determined from the information given.

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Definitions:

Different Ratios

Proportions or comparative quantities of elements or components in a mixture or compound.

Compound

A substance made up of two or more different elements chemically combined in fixed proportions.

Elements

Pure chemical substances consisting of a single type of atom, distinguished by their atomic number, which is the number of protons in their atomic nuclei.

Gold Foil Experiment

An experiment conducted by Ernest Rutherford which demonstrated that the atom has a tiny, dense nucleus by observing the deflection of alpha particles.