What is the multiplier when the change in equilibrium level of real GDP in the aggregate expenditures model is 9, and change in autonomous aggregate expenditures is 3?

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30-11-2021
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What is the multiplier when the change in equilibrium level of real GDP in the aggregate expenditures model is 9, and change in autonomous aggregate expenditures is 3?

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Tundexi Tundexi · Answer 1 · 2021-12-02T12:10:17+01:00

When the change in equilibrium level of real GDP equals 9 and change in autonomous aggregate expenditures equals 3, then, the multiplier will be 3.

Multiplier helps to measures how much a changes is in response to a change in other variable.

Given Information

Change in equilibrium level of GDP = 9

Change in autonomous expenditure = 3

The formula to be deployed is Multiplier = {Change in equilibrium level of GDP / Change in autonomous expenditure}

Multiplier = (9 /3)

Multiplier = 3.

Therefore, when the change in equilibrium level of real GDP in the aggregate expenditures model is 9 and the change in autonomous aggregate expenditures is 3, then, the multiplier will be 3.