A-LevelEconomicsThe macroeconomy9708/32 · May/June 2019 · Q251 Mark
In a closed economy with no government expenditure and no taxation, the initial income is $5000 million. All savings are carried out by consumers, who save 20% of any additional income received above $5000 million. Firms plan to invest $1000 million.
- 25What is the value of the multiplier? A 0.8 B 4 C 5 D 8[1]
Mark scheme
Marking points from the official mark scheme (May/June 2019). The mark or mark type is shown in brackets.
- [1] 25 C
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