AS Paper 2, June 2019The UK Economy – Performance and Policies
AS Paper 2, June 2019, Q1(b)
Calculate the value of the multiplier based on the data given. You are advised to show your working.
Short answerCalculate2 marks
Context
It is estimated that building a second runway at Gatwick airport will require an investment of £9.3 billion. The total increase in UK GDP as a result of this injection is expected to be around £44.1 billion.