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Author Question: Assume that a 1.00 increase in exports increases GDP by 2.00, and a 1.00 increase in income ... (Read 68 times)

Starlight

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on: May 25, 2020

Question 1

Assuming there is no government or foreign sector, if the multiplier is 2.5, the mpc is
◦ 0.4.
◦ 0.25.
◦ 2.5.
◦ 0.6.

Question 2

Assume that a £1.00 increase in exports increases GDP by £2.00, and a £1.00 increase in income increases import spending by £0.15. In this case, a £500 million increase in exports will increase net exports by
◦ £350 million.
◦ £500 million.
◦ £650 million.
◦ £150 million.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by Starlight on May 25, 2020

fatboyy09

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Starlight

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

olderstudent

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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