Section II Section II Question 23 from the 2002 HSC Examination
Question 23
Summary: Using a table of data for a closed economy, (a) write a formula for the simple multiplier (k); (b) calculate the value of the simple multiplier; (c) outline how the simple multiplier can affect economic activity; (d) explain a benefit if economic growth to an economy; (e) explain the impact of economic growth on ecologically sustainable development.