Aggregate demand and aggregate supply

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Question 19

Easy

In an open economy, the marginal propensity to save ( $m p s$ ) is 0.08, the marginal rate of tax ( $m pt$ ) is 0.10, and the marginal propensity to import ( $m p m$ ) is 0.07.

Circular Flow of Income

If the government increases public sector investment by £135 billion, what is the resulting final increase in national income (GDP)?

£ $33.75$ billion

£ $180$ billion

£ $540$ billion

£ $101.25$ billion

Aggregate demand and aggregate supply

Question 19

Aggregate demand and aggregate supply Questions

Aggregate demand and aggregate supply

Question 19

Aggregate demand and aggregate supply Questions