ECS1601 Assignment 3 Semester 1
Suppose government expenditure in South Africa is R10 billion while autonomous consumption and investment spending are R25 billion and R50 billion respectively. Autonomous exports are R100 billion and autonomous imports are R35 billion. Also, c = 0,85; t = 0,275 and m = 0,125. What is the equilibrium level of income in the economy? (Hint: at each step of your calculations, round off to 2 decimal places) a. R167.5 billion b. R365 billion c. R150 billion d. R295.5 billion 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: 3890 Dashboard / Courses / UNISA / 2023 / Semester 1 / ECS1601-23-S1 / Online assessments / Assessment 3 Dashboard Calendar 20.00/20.00 100.00S - The study-notes marketplace Downloaded by: florencemahungu55 | Distribution of this document is illegal Want to earn R13,625 per year? S - The study-notes marketplaceQuestion 3 Correct Mark 1.00 out of 1.00
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- 29 de mayo de 2023
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