Answer to Question #135933 in Macroeconomics for Clinton

Question

Consider the following information to answer questions 3.8 to 3.12
Government spending = R450
Exports = R250
Autonomous consumption = R300
Autonomous imports = R150
Investment expenditure = R100
Marginal propensity to consume = 0,6
Full employment level of income = R2 800

3.8 Autonomous expenditure (Ᾱ) is equal to

[1] R1000.
[2] R950.
[3] R1 150.
[4] R800.

Answer 1

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