You Are Given the Following Information About the Australian Economy

question 119

Multiple Choice

You are given the following information about the Australian economy: consumption function of C
= 15 + 0.7Y, investment equal to 8, government expenditure equal to 12, exports equal to 20, and an import function of M = 0.2Y. What is the multiplier for this economy?

• A)0.5
• B)3.3
• C)1
• D)2

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Definitions:

Competitive Environments

Market situations where businesses compete against each other to attract customers and achieve higher sales.

Drug Store Chains

Drug store chains refer to a group of retail pharmacies that operate multiple outlets under the same brand, offering medications, health products, and other consumer goods.

Health Care Clinics

Medical facilities offering outpatient services for the diagnosis and treatment of various health conditions.

Medication And Vaccinations

Medical treatments and preventive injections intended to treat or protect against diseases and health conditions.