Mathematics, 03.04.2021 15:20 kerstynsharp08
Assume the following data (in RM million) for an economy:
Consumption function : C = 800 + 0.75Yd
Income : 1800
Investment : 500
Net export : 756
Government expenditure : 200
Tax : 200
Calculate the following value:
(i) Expenditure multiplier; (3 marks)
(ii) Total consumption; (3 marks)
(iii) Equilibrium level of income.
Answers: 2
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Assume the following data (in RM million) for an economy:
Consumption function : C = 800 + 0...
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