The nation of Omega has an MPC of 0.70 and an MPM of 0.15. Therefore, Omega's spending multiplier is
A)1.18
B)2.22
C)3.33
D)1.43
E)This question cannot be answered without knowing the MPS

Name: The nation of Omega has an MPC of 0.70 and an MPM of 0.15. Therefore, Omega's spending multiplier is A)1.18 B)2.22 C)3.33 D)1.43 E)This question cannot be answered without knowing the MPS
Brand: Quizplus
Rating: 4.8 (27 reviews)

Question

Quizplus · Accepted Answer

The Answer is B

The Nation of Omega Has an MPC of 0