Question

Assume the following data (in RM million) for an economy: Consumption function : C = 800 + 0.75Yd Income : 1800 Investment : 500 Net export : 756 Government expenditure : 200 Tax : 200 Calculate the following value: (i) Expenditure multiplier; (3 marks) (ii) Total consumption; (3 marks) (iii) Equilibrium level of income.

Answer 1

Answer:

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the answer is¶∆✓=÷×π√¶