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SECTION A: How can efficiency of labour be improved in an economy? SECTION B: When will an increase in national income indicate an improvement in the standard of living for a country?
Economics
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Question 30:
Calculate the change in income ().
Assuming the question was: "If the marginal propensity to consume (MPC) is 0.75 and autonomous investment increases by 6,750, what is the change in national income?"
First, calculate the multiplier ().Calculate the change in national income.
The change in national income is $\boxed{\text{27,00
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