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Suppose that the South African economy is depicted by the following information:...

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Suppose that the South African economy is depicted by the following information:

Y = 10 000

S = -250 + 0.65Y

I = 500

G = 1 100

1 500 = 200 + mY

Which of the following is correct?

i. The multiplier in the economy is 2.083.

ii. The equilibrium level of income is 1 650.00.

iii. The equilibrium level of income is 2 115.30.

iv. The multiplier in the economy is 1.282.
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