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2. Calculate S (saving), AFC (average propensity to consume) and WC (marginal propensity to consume]. (4 * 0.50 = 2) where, g C I G
2. Calculate S (saving), AFC (average propensity to consume) and WC (marginal propensity to consume]. (4 * 0.50 = 2) where, g C I G G: X M b I: a} Find the national income at equilibrium (Y). (4) b) Calculate the export-multiplier. (2) c} At equilibrium, does the economy have trade decit or trade surplus and by how much? (2)
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