Computing the simple multiplier, GDP, Disposable income and Consumption.
If the MPC = 0.94, C0 = 45, I = 150, G = 125, T = 75, X = 50, & IM = 60:
a) prepare out the consumption function.
b) find out the simple multiplier.
c) find out GDP.
d) find out DI.
e) find out C.