Economics 9708 · AS & A Level · Economic growth

Economic growth — practice question

For an economy with four sectors, the table sets out the marginal propensity to consume (MPC), marginal propensity to save (MPS), marginal rate of taxation (MRT) and marginal propensity to import (MPM). Values: MPC 0.5, MPS 0.2, MRT 0.2, MPM 0.1. What is the value of the multiplier?

  • A1
  • B2
  • C5
  • D10

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