'02 q23b multiplier (1 Viewer)

[symo]

can someone explain how you end up getting k = 2.5, this would require MPS to be 0.4. i know k = 1 / mps n how it works, i can normally do these but can work out how to get it from the table. its a big table so i cant copy it on here. cheers

 

[Newbie]

mps = change in savings/ change in income

change in savings was 40
change in income was 100
mps = 0.4
k = 1/mps
= 2.5

 

[symo]

cheers, i never got taught that. guess i didnt get taought much, had a geography teacher who taught ecos ages ago but set the geog paper so she thought she would give ecos another go.. ha
anyhoot, cheers

 

[TastesGoodBut]

yeh i hate multiplyer questions, especially in multiple choice.

 

[Minai]

That q took me literally 10 mins to do...