Consider the following information to answer the question.
Government spending = 550
Exports = 330
Autonomous consumption = 280
Autonomous imports = 170
Investment expenditure = 120
Marginal propensity to save = 0,25
What is the equilibrium level of income?
Answer:
Question 2
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
This question is based on the information below:
Based on the information above, what is the change in government spending required for
the economy to reach full employment? (at each step of your calculation, round off to 2
decimal places)
a.
R3 689 million
b.
,R1 311 million
c.
R2 771 million
d.
R2 229 million
Feedback
, Question 3
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
Use a Keynesian model to calculate the answer.
Full employment output = R80 million
Investment = R20 million
Autonomous consumption = R15 million
The marginal propensity to consume = 0,5.
Government spending = 550
Exports = 330
Autonomous consumption = 280
Autonomous imports = 170
Investment expenditure = 120
Marginal propensity to save = 0,25
What is the equilibrium level of income?
Answer:
Question 2
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
This question is based on the information below:
Based on the information above, what is the change in government spending required for
the economy to reach full employment? (at each step of your calculation, round off to 2
decimal places)
a.
R3 689 million
b.
,R1 311 million
c.
R2 771 million
d.
R2 229 million
Feedback
, Question 3
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
Use a Keynesian model to calculate the answer.
Full employment output = R80 million
Investment = R20 million
Autonomous consumption = R15 million
The marginal propensity to consume = 0,5.
