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Calculate the following given the information in a foursector macroeconomic model: Autonomous Consumption = 100 Tax 2 10 Investment 2 10 Government spending = 30
Calculate the following given the information in a foursector macroeconomic model: Autonomous Consumption = 100 Tax 2 10 Investment 2 10 Government spending = 30 C Consumers spend 75c of each rand. a.) Macro-equilibrium income using the injection/leakage approach. [6] b.) The new equilibrium income if investment increases with 20. Make use ofthe multiplier. [4]
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