Answer on Macroeconomics Question for Radu
How can i find the equilibrium level of income ?
How can i find UI value ?
usually stable provided that the various factors involved do not change. It is calculated using the formula, GDP = C + I + G + (X - M), where C is consumption, I is investments, G is government spending and X-M is exports
minus imports. This can be formulated when one knows the parameters to be used in the calculation.
So, GDP = 7600 + 4500 + 5000 + 4500 = 21600 is equilibrium level of income.
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