Equilibrium level of national income (1 Viewer)

Bobbo1

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What is the equilibrium level of income if C = 50 + 0.8Y and I = 100?
 

BloomyLove

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s= -50+0.2Y

Equlibrium when S=I

100=-50+0.2Y
150=0.2Y
75=0.1Y
Y=750
 

BloomyLove

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It's the stuff I like to do, 20 mark essays on monetary policy on the other hand...
 

michaeljennings

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nah lol i didnt know what it was either our teacher only mentioned it briefly once so i had forgotten i was just curious. When are your trials?
 

michaeljennings

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hahaha nah no way i dont even think many people from my cohort will get above 90. Khfreakau is gun and so is another chick I reckon only they will get above 90 so im gonna be content with like an 80-85
 

BloomyLove

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Had my Eco exam yesterday, did the CSSA paper. Wasn't too bad...
 

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