Study the scenario and complete the question(s) that follow(s):SilesiaYou are provided with the following information about an imaginary economy called Silesia. Use the information provided in the table to answer the questions below.Government expenditure 400 Exports 250 Autonomous imports 50 Autonomous consumption 150 Investment Expenditure 300 Full- mployment output 2040 Marginal propensity to consume 0.75 Marginal propensity to import 0.15 Tax rate 0.25Source: Bester, N. 2017.5.1 Derive and calculate the consumption function for the data provided. Show all formulas and calculations used. 5.2 Calculate autonomous spending. Show all formulas and calculations used.5.3 Calculate the multiplier. Show all formulas and calculations used. Round off your final answer to 1 decimal.
Study the scenario and complete the question(s) that follow(s):
Silesia
You are provided with the following information about an imaginary economy called Silesia. Use the information provided in the table to answer the questions below.
Government expenditure 400 Exports 250 Autonomous imports 50 Autonomous consumption 150 Investment Expenditure 300 Full- mployment output 2040 Marginal propensity to consume 0.75
Marginal propensity to import 0.15 Tax rate 0.25
Source: Bester, N. 2017.
5.1 Derive and calculate the consumption function for the data provided. Show all formulas and calculations used.
5.2 Calculate autonomous spending. Show all formulas and calculations used.
5.3 Calculate the multiplier. Show all formulas and calculations used. Round off your final answer to 1 decimal.
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