given-an-initial-investment-of-2-billion-and-an-mpc-of-08-calculate-the-first-th

Question

Given an initial investment of $2 billion and an MPC of 0.8, calculate the first three rounds of increased spending.

Accepted Answer

$$1.6 billion, 1.28 $$billion, $1.024 billion

Answer

$$1.6 billion, 1.4 $$billion, $1.2 billion

Answer

$$1.6 billion, 1.3 $$billion, $1.1 billion

Answer

$$1.6 billion, 1.5 $$billion, $1.4 billion

Given an initial investment of \$2 billion and an MPC of 0.8, calculate the first three rounds of increased spending.