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2.4 National income

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Question 6

Expansion of the Westland Science Park

The regional development agency has announced a £120 million investment to expand the Westland Science Park, constructing new advanced biotechnology laboratories and transport links designed to attract global research firms.

Using this example, explain how the multiplier process leads to an increase in aggregate demand.

[4]

2.4 National income Questions

  1. A Level
  2. /Economics
  3. /2.4 National income