In a study of a maritime port authority's economic footprint, analysts estimate that the marginal propensity to consume (MPC) within the local territory is 1316\frac{13}{16}1613.
The port authority plans an initial capital expansion project costing £45 million.
Calculate the total increase in aggregate demand generated within the local territory by this expansion project.
43 exam-style questions on Edexcel A A Level Economics 2.4.4 The multiplier. Each one has a worked solution and a mark scheme showing where the marks go.