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{"ops":[{"insert":"An economy has the following productive capacity, and its GDP is measured by these information: Government spending = 950, Investments = 1, 400, Exports = 900, Imports = 560, a = 800, b = 0.75. All values are in millions of naira.\nCalculate:\na)\u00a0\u00a0\u00a0\u00a0\u00a0The level of national income. \nb)\u00a0\u00a0\u00a0\u00a0\u00a0The multiplier.\nc)\u00a0\u00a0\u00a0\u00a0\u00a0Given the multiplier effect, what will be the new national income?\nd)\u00a0\u00a0\u00a0\u00a0Give your economic interpretation.\n\n"}]}
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