Good day please help with this q for economics Q.4.2 The following information is provided for an open economy with a government.Use the information to answer Q.4.2.1 to Q.4.2.3(Note: Round off your answers to two decimal places):Autonomous ConsumptionR535mMarginal propensity to consume is 0.75Investment SpendingR322mGovernment Spending R300mImports R175m + 0.08YExports R283mTaxes = 0.1YFull employment level of output is R3 483mQ.4.2.1 Calculate the equilibrium level of income in this economy.(Note: Show all your calculations and round off to two decimalplaces.)Q.4.2.2 A portion of the imports of a country are related to the level ofincome in the economy. Calculate the value of induced imports in thiseconomy, given the equilibrium level of output.Q.4.2.3 Calculate the change in government spending that could move thiseconomy to the full employment level of output.

C=C0+cYd C=Consumption C0=Autonomous Consumption C=Marginal propensity to consume Yd=Disposable…

Answered: Autonomous Consumption R535m Marginal…

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter10: Keynesian Macroeconomics And Economic Instability: A Critique Of The Self Regulating Economy

Section10.2: The Simple Keynesian Model

Problem 2ST

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