A-LevelEconomicsThe macroeconomy9708/32 · Oct/Nov 2018 · Q251 Mark
In an open economy, when autonomous investment increases by 100, equilibrium national income increases by 300. Which conclusion can be drawn?
- In an open economy, when autonomous investment increases by 100, equilibrium national income increases by 300. Which conclusion can be drawn? A The accelerator is 3. B The marginal propensity to consume is 2/3. C The marginal propensity to import is 2/3. D The marginal propensity to save plus marginal tax rate is 1/3.[1]
Mark scheme
Marking points from the official mark scheme (Oct/Nov 2018). The mark or mark type is shown in brackets.
- [1] B
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