Question 3 Table 2 shows elements in the national income accounts of an economy. Assume the economy

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Question 3 Table 2 shows elements in the national income accounts of an economy. Assume the economy is currently in equilibrium. Consumption (total) Investment Government Expenditure Table 2 A) What is the current equilibrium level of income? [4 marks] B] What is the level of injections? What is the level of withdrawals? [4 marks] C] If national income now rises by 22 billion and as a result. the consumption of domestically produced goods rises to 80 billion. Calculate the marginal propensity to consume (MP0). [4 marks] D) What is the value of the multiplier? [4 marks] E) Comment on the results in part (c) and (d). [4 marks]

Posted Date: Jul 01, 2024 11:32 PM

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Question 3 Table 2 shows elements in the national income accounts of an economy. Assume the economy

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