Economics 9708 · AS & A Level · Economic growth

Economic growth — practice question

In an economy without government, what is the value of the multiplier if the marginal propensity to save is 1/6 and the marginal propensity to import is 1/3?

  • A2/1
  • B1 2/1
  • C2
  • D3

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI