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.