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Use the following information on economy X to answer the questions below. Marginal propensity to consume (c) = 0.6 Investment= 300 million Autonomous consumption =

Use the following information on economy X to answer the questions below. Marginal propensity to consume (c) = 0.6 Investment= 300 million Autonomous consumption = 120 million Q.4.2.1 Calculate the multiplier for economy X. (4) Q.4.2.2 Use the multiplier calculated in Q.4.2.1 to calculate the equilibrium income for economy X.

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