Home » Economics » Given that Y= C+I, where C= 50+0.75 and I = N45m, what is the equilibrium…

Given that Y= C+I, where C= 50+0.75 and I = N45m, what is the equilibrium…

Given that Y= C+I, where C= 50+0.75 and I = N45m, what is the equilibrium level of income?
  • A.
    N380m
  • B.
    N20m
  • C.
    N180m
  • D.
    N200m
Correct Answer: Option A
Explanation