2.4 National income

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Question 26

In 2021, the Canadian Department of Finance estimated the marginal propensity to consume of Canadian consumers to be 0.6. Later that year, the federal government announced a $22 billion investment programme into nationwide high-speed rail infrastructure.

Using the information above, calculate the total increase in national income resulting from the $22 billion investment.

[3]

2.4 National income

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Question 26

In 2021, the Canadian Department of Finance estimated the marginal propensity to consume of Canadian consumers to be 0.6. Later that year, the federal government announced a $22 billion investment programme into nationwide high-speed rail infrastructure.

Using the information above, calculate the total increase in national income resulting from the $22 billion investment.

[3]

2.4 National income

Question 26

2.4 National income Questions

2.4 National income

Question 26

2.4 National income Questions