Determine the value of multiplier

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Now that you have computed the value of the multiplier, calculate your forecast of the overall impact of the government's $291 billion stimulus package once the full effects are circulated throughout the economy. We can treat this stimulus package as an increase in government spending.

You can use the value of multiplier rounded off to 2 decimal places, and present your final answer also rounded off to 2 decimal places. Be sure to show all your working because this will be needed in the Policy Brief.

When you present your answer, write a clear sentence explaining how to interpret this final number.

Reference no: EM133083463

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