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21 June, 14:51

If the average u. s. consumer spends an additional 98 cents out of each additional dollar that he/she earns, what would the expenditure multiplier be?

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  1. 21 June, 14:58
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    Well, according to my knowledge if the average u. s. consumer spends an additional 98 cents out of each additional dollar the he/she earns, than the average expenditure multiplier should be 4000 dollar because the average american earn 5000 to 12000 dollar and expend too many for own.
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