Economics 9708 · AS & A Level · Fiscal policy

Fiscal policy — practice question

Government expenditure in an economy rises by $4000 while, at the same time, investment decreases by $1500. marginal propensity to save = 1/10; marginal propensity to tax = 1/5; marginal propensity to import = 1/10. What increase in national income will result from these changes?

  • A$2500
  • B$6250
  • C$10 000
  • D$25 000

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