A-LevelEconomicsNational Income & Economic GrowthOct/Nov 2018Paper 3 Q241 Mark
In a two sector economy autonomous consumption expenditure increases by $100 billion, autonomous investment expenditure by $200 billion and the marginal propensity to consume is 0.5. What will be the increase in National Income? A $150 billion B $300 billion C $450 billion D $600 billion
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