Answer Happy

4. Given for the 3 sectors economy for country Ukraine MPS Real National Income (Yr) Original tax Original Government Expenditure = 0.4 = RM80,000 million = RM8,000 million = RM7,500 million (2) a) Determine the government expenditure multiplier (Multiplier G) and tax multiplier (Multiplier T) in this economy. (2) b) If the government expenditure changes its by RM600 million, what is the new equilibrium national income? c) If the new tax is RM7,850 million, find the new equilibrium income level. (2) d) If the national income level wants to be achieved at RM78,000 million; What is the amount of expenditure that the government should do? (2) ii. If the government wants to use the technique of tax, how much should the total tax be? (2) (Total : 10 marks)