Answer to Question #92320 in Macroeconomics for Lerato

Question #92320

Calculate the equilibrium level of income if C=R100 million +0,8 Y and I= R125 million

Expert's answer

"Y= AE=C+I;"

"Y=100+0.8Y+125";

"Y=R1125" millions

Where Y is the equilibrium level of income

C is the consumption

I is the investment

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