If import spending were the only leakage from an economy, Ask an Expert

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If import spending were the ONLY leakage from an economy and the marginal propensity to import is one-third, what fraction of any change in income will survive the leakage and go on to start the next round of spending?

one third

two thirds

3/2 or one and one half

3/1 or three

none of the above

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91385444

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