Economics help!
Economics discussion, revision, exam and homework help.
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Economics help!Hi guys I am currently an AS level student,I am doing Economics
There is a question I don't understand hope you guys help me!
Its 2008 ad the credit crunch has bitten. Exports have fallen to 10 and investment to 140. If the MPM-marginal propensity to import falls to 0.05 because of a fall off in foreign holidays,the MPT (marginal propensity to tax)stays the same but fear drives the MPS up to 0.5,what should the government do if GDP is 2400 and the full employment level is 3000?
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Re: Economics help!i am also curious. We have only just covered marginal propensity to tax/consume/save this year (A2 AQA economics)(Original post by neomilan)
i dont know your answer but i am curious as to what board you are doing -
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Re: Economics help!you have to work out the multiplier, and then figure out the change in G (simpliest way), which will close the gap of 600.(Original post by MCYan)
Hi guys I am currently an AS level student,I am doing Economics
There is a question I don't understand hope you guys help me!
Its 2008 ad the credit crunch has bitten. Exports have fallen to 10 and investment to 140. If the MPM-marginal propensity to import falls to 0.05 because of a fall off in foreign holidays,the MPT (marginal propensity to tax)stays the same but fear drives the MPS up to 0.5,what should the government do if GDP is 2400 and the full employment level is 3000?
