Answer to Question #92098 in Macroeconomics for Ndienekhonani Nengovhela

Question #92098

Calculate the equilibrium level level of income if c=100 million +0.8y if ī=125 million

Expert's answer

IF:

c=100 million +0.8Y and I=125 million

Y=C+I=100+0.8Y+125=0.8Y+225

0.2Y=225

Y=225/0.2=1125

Learn more about our help with Assignments: Macroeconomics

No comments. Be the first!

Who Can Help Me with My Assignment

There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
How to Finish Assignments When You Can’t

Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
How to Effectively Study for a Math Test

Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…