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a. In a given economy, the following hold true. 1.There are only two sectors-household and business sectors operating in the economy. 2. The percentage of every extra income which goes into consumption is 80%. Given that an initial amount of 1000 currency units is introduced as investment in the economy. Draw up a table which tracks successive expenditure, income consumption and savings in the economy, up to the sixth round assuming the initial injection kicks in a multiplier process. (10 Marks) b. Using your table, calculate the total amount of income and consumption and deduce the value of the national income multiplier. (10 Marks)
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