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2.4 National income

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Question 41

It is estimated that constructing a major new offshore wind farm in the North Sea will require an initial investment injection of £8.4 billion.

The total increase in UK GDP as a result of this injection is expected to be around £29.4 billion.

Calculate the value of the multiplier based on the data given. You are advised to show your working.

[2]
Markscheme

2.4 National income Questions

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

75 exam-style questions on Edexcel A A Level Economics 2.4 National income, covering 2.4.1 National income, 2.4.2 Injections and withdrawals, 2.4.3 Equilibrium levels of real national output, and 2.4.4 The multiplier. Each one has a worked solution and a mark scheme showing where the marks go.

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