For a closed economy with no government intervention, the consumption function is C = 0.6Y + 30

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For a closed economy with no government intervention, the consumption function is C = 0.6Y + 30 and planned investment is I = 100 Calculate the equilibrium level of
(a) national income;
(b) consumption;
(c) savings.

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Mathematics for Economics and Business

ISBN: 978-1292191669

9th edition

Authors: Ian Jacques

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Question Posted: Apr 18, 2019 08:45 AM

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For a closed economy with no government intervention, the consumption function is C = 0.6Y + 30

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a YCI Y06Y30100 Y06Y130 ...View the full answer

Mathematics for Economics and Business

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