multipler to be Mgov1.2s. The curren OP is $15.18 trillion and the government is planning to increase spending by n (all in one year), the percentage Increase in GDP using the multipler estimate of the

Sub : EconomicsPls answer very fast.I ll upvote correct answer. Thank You

Please give me correct answer and full explanation with calculation otherwise i give downvote Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.

Consider the following results: Ĉ=-297.13 + 80.57lnY; (t% D1,2,..., 12) %3D %3D EG = 1,440, and (EY; - EC)= 860 where C= consumption expenditure ($) in period t, and Y;= disposable income in period t. Based on the results given above, find the values for the following. 1. Income elasticity (i.e., elasticity of consumption expenditure with respect to disposable income). Give a specific numerical answer and clearly indicate how you have found it. 2. Marginal propensity to consume (MPC), i.e., the slope of the underlying consumption function. Give a specific numerical answer and show clearly how you have deriyed it.