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Answer to Question #13131 in Macroeconomics for gregory
Question #13131
given Investment = 900, consumption=600+0.6yd
calculate the the equilibrium level of income
calculate the the equilibrium level of income
Expert's answer
Y = C+I
Y= 600 + 0.6Y + 900
0.4Y = 1500
Y = 1500/0.4
Y=3750
Y= 600 + 0.6Y + 900
0.4Y = 1500
Y = 1500/0.4
Y=3750
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