Re: equilibrium income

Posted by SM on May 07, 2016; 4:21pm
URL: http://discussion-forum.276.s1.nabble.com/equilibrium-income-tp7600497p7600499.html

Hi Rajan!

Y= C+I+G .

Substituting C and the values of I and G, we have:

Y= 100+0.6(Y-100)+ 150+50

you get the answer as 600