Equilibrium level of national income (1 Viewer)

[Bobbo1]

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

 

[BloomyLove]

s= -50+0.2Y

Equlibrium when S=I

100=-50+0.2Y
150=0.2Y
75=0.1Y
Y=750

 

[michaeljennings]

bobbo mate are you in year 12?

 

[BloomyLove]

I WISH that stuff was in my trials exams....

 

[powlmao]

I WISH that stuff was in my trials exams....

My year would fail if it was.

Very easy stuff but boring and annoying to do.

 

[BloomyLove]

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

 

[powlmao]

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

Same.

Next wednesday i have a exam in economics on Monetary policy and the RBA

 

[Bobbo1]

s= -50+0.2Y

Equlibrium when S=I

100=-50+0.2Y
150=0.2Y
75=0.1Y
Y=750

yes i am, sorry if its a dum question, lol

 

[michaeljennings]

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?

 

[Bobbo1]

Next monday for eco///

 

[michaeljennings]

ahh k good luck man i completely stuffed up mine

 

[Bobbo1]

ahh k good luck man i completely stuffed up mine

lol, a stuff up for u probably means like getting a 90

 

[michaeljennings]

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

 

[michaeljennings]

ps what school do you go to

 

[BloomyLove]

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