Calculate the equilibrium level of national income (Y) where Y = C + I +
ECONOMICS
JAMB 2023
Calculate the equilibrium level of national income (Y) where Y = C + I + G; C = 100 + 0.75Y; I = 50; G = 200
- A. 2000
- B. 100
- C. 1500
- D. 1400
Correct Answer: D. 1400
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