SOLVED: In order to reach the full-employment level of income, government spending must increase by which amount.

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Q: In order to reach the full-employment level of income, government spending must increase by which amount.Good day, some help (with steps) on the following will be much appreciated!Given that autonomous spending = R50, Investment = R230, Government spending = R300, marginal propensity to consume = 0.75, Tax = R100 and full employment level of income = R3000, what is the equilibrium level of output and income? In order to reach the full-employment level of income, government spending must increase by which amount.I also need a graphical representation of the above.Thanks for your help!

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SOLVED: In order to reach the full-employment level of income, government spending must increase by which amount.

  • Written in: 17-Oct-2019
  • Paper ID: 11507659
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DATE ANSWERED

Oct 17, 2019

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