Given: Investment = N100 million Consumption = N200 m + 0.75Y Y = C +
ECONOMICS
JAMB 1997
Given: Investment = N100 million Consumption = N200 m + 0.75Y Y = C + I where, Y =Income, C = Consumption and where I = Investment What is the income level to the nearest million?
- A. N100 Million
- B. N300 Million
- C. N1,000 Million
- D. N1,200 Million
Correct Answer: D. N1,200 Million
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