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Consider a Keynesian model where: full employment output=R80 million exports=R5 million the marginal propensity to import out of income=0,25 autonomous imports=R5 million the tax rate=0,25
Consider a Keynesian model where:
full employment output=R80 million
exports=R5 million
the marginal propensity to import out of income=0,25
autonomous imports=R5 million
the tax rate=0,25
investment=R20 million
autonomous consumption=R15 million
the marginal propensity to consume=0,6.
what is the multiplier
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