Find what is equilibrium level of national income

Reference no: EM13244009

closed economy with no government
equilibrium condition is Y = C + I
MPS = 0.25
the autonomous part of C is $30
Investment is autonomous and equals $40

a)what is equilibrium level of national income using tableabove
b)at the equilibrium level of national income what will consumptionexpenditure be?
c)at the equilibrium level of national income what will the levelof saving be?

Reference no: EM13244009

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