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Economic Issues
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Economic Issues
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Economic Issues
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Economic Issues

English (Advanced)

58 Pages HSC - Higher School Certificate Year 12 Complete Study Notes Year: Pre-2017

! The multiplier process ensures that national income will ultimately rise by much more than the original injection (in this case, national income will ultimately rise by much more than $10,000). The process occurs like this: " National income will increase by the initial $10,000. " Of that $10,000, $8000 will be spent (since MPC = 0.8) and $2000 will be saved (since MPS=0.2) – the $8,000 that is spent will be income to those who receive it as payment for goods and services. " Of that $8000, $6400 will be spent (0.8 x $8000), while $1600 will be saved – and this $6400 that is spent will be income to those who receive it. They in turn spend 80% and save 20% and so on.

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