Assume that Malaysia is a closed economy without a government. Now under new leadership they decided to introduce government and taxation into the economy. Use the following information to solve the question.
Autonomous consumption = 2 000 million
Autonomous investment = 1 500 million
Autonomous government spending = 1 200 million
Full employment = 6 500 million
c = 0.65
t = 0.15
The multiplier is…… (round to 1 decimal)
Comments
Leave a comment