MC - Eqilibrium income? (1 Viewer)

[truly-in-bliss]

what did you get for the eqilibirum income..i think the answers were something lyk

a) 100
b) 150
c) 500
d) 700.....

i put down c, and after reworking i think d is the answer.....


anione got the question? i left mine with teacher..

 

[loser]

Is think this is the formula.

Y = C + I

 

[beemo]

d) 700
for equilibrium, l
leakages = injections
y - (100 + 0.8y) = 40
y - 100 - 0.8y = 40
y- 0.8y = 140
0.2y = 140
y =700

i hope

 

[Blondie]

yeah, thats right. it was 700

 

[LaZy_KoReAn]

lol, i picked C in the first place, but luckily i had 5 minutes left and corrected my answer

 

[cakeater]

damn, i guessed and put B.. i knew Y=C+I+G+(X-M) and tried rearranging the equation but my crap maths skills let me down.. cut

 

[PG5]

i got it from the other MC question where it had a diagram and it showed the equillibirum income. So Y = C + I

i got d

 

[skip to my lou]

yeah i guessed and picked b....im oh so wrong~!

 

[sukiyaki]

Originally posted by skip to my lou
yeah i guessed and picked b....im oh so wrong~!

hehe same.!!
argg

 

[ChaoS-GoD]

haha! i laughed so hard at the ppl in my school that didnt do maths, coz EVERY one of them got that q wrong (as well as some x1 maths students). even after my friend and i sat down to explain to two of them, they had the most lost face you'll ever see! LOL!!!!!

 

[truly-in-bliss]

i was also backed up by minai's theory featured in the NS forum.. which was when ur in doubt.. pick c... hahah

 

[eeyore]

I think it's D