Question: Use the informat below to answe the questions below. C= 400 + 0.6Y I= 500 4.1. Calculate autonomous spending. 4.2. Calculate the equilibrium level of

Use the informat below to answe the questions below.

C= 400 + 0.6Y

I= 500

4.1. Calculate autonomous spending.

4.2. Calculate the equilibrium level of income.

4.3. Illustrat with the aid of a diagram the equilibrium level income calculated in 4.2.

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