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1.Assume that Malaysia is a closed economy without a government. Now under new leadership they decided to introduce government and taxation into the economy. Use
1.Assume that Malaysia is a closed economy without a government. Now under new leadership they decided to introduce government and taxation into the economy. Use the following information to solve the question.Autonomous consumption =2000 million, Autonomous investment =1 500 million, Autonomous government spending =1 200 million,Full employment =6 500 million,c=0,65,t=0,15.To reach full employment, government spending should be adjusted by...a)2 459 million, b)1 745 million, c)- 2 459 million, d)- 1 745 million. 2.Which of the following has/have a major impact on the level of the net exports(X-Z)? a)the growth of GDP in South Africa relative to the growth rates of GDP in other countries. b) the price level in South Africa relative to the price levels in other countries. c)the exchange rate between the rand and other currencies.1)C;2)A and B;3)A and C;4)B and C;5)A,B and C
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