The table below shows economic data for a hypothetical nation.
| Economic Variable | Value (£ billion) |
|---|---|
| Increase in Disposable Income | 50 |
| Increase in Household Consumption | 30 |
Using this data, which one of the following represents the value of the multiplier?
0.6
1.67
2.5
4.0
75 exam-style questions on Edexcel A A Level Economics 2.4 National income, covering 2.4.1 National income, 2.4.2 Injections and withdrawals, 2.4.3 Equilibrium levels of real national output, and 2.4.4 The multiplier. Each one has a worked solution and a mark scheme showing where the marks go.