If a R200 billion increases in investment spending creates R200 billion of new income in the first round of the multiplier process and R160 billion in the second round calculate :
A. The Marginal propensity to consume (MPC)
B. The value of the expenditure multiplier in this closed economy
1
Expert's answer
2020-04-27T07:36:24-0400
B. The value of the expenditure multiplier in this closed economy is:
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