Question 7 is based on the following diagram. 10. In 150 Que 100 400 600 7. Which of the following statements are correct? a. Induced consumption is equal to R100 if income is R400. b. The multiplier is equal to 4. C . If government spending increases with R50, the equilibrium output and income les will increase by 50 times the multiplier. d. If there is a change in the marginal propensity to consume, the