Answer to Question #111610 in Macroeconomics for Kg

Question #111610

Consider the following information to answer questions Government spending = R550 Exports = R330 Autonomous consumption = R280 Autonomous imports = R170 Investment expenditure = R120 Marginal propensity to consume =0,75 Full employment level of income =R5700

What is the value of the multiplier?
a. 2
c. 2,50
d. 4
c. 3

Expert's answer

d.4

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