Given that Y = C + 1, where C = 50 + 0.75 and 1
ECONOMICS
JAMB 2018
Given that Y = C + 1, where C = 50 + 0.75 and 1 = N45m, what is the equilibrium level of income?
- A. N20m
- B. N380m
- C. N200m
- D. N180m
Correct Answer: B. N380m
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