Economics 9708 · AS & A Level · Economic growth

Economic growth — practice question

Within a closed economy with no government expenditure and no taxation, the starting income is $5000 million. Consumers undertake all saving, and they save 20% of any extra income earned above $5000 million. Firms plan to invest $1000 million. What is the value of the multiplier?

  • A0.8
  • B4
  • C5
  • D8

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