Suppose the consumption factor is C= $100 + .8Y, initial national income Y + $800, and intended investment equals $20. The equilibrium level of national income is equal to. a) $600 b) $800 c) $700 d) $740 e) $760

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Suppose the consumption factor is C= $100 + .8Y, initial national income Y + $800, and intended investment equals $20. The equilibrium level of national income is equal to.

a) $600

b) $800

c) $700

d) $740

e) $760

give correct option with explanation and explain why others option are wrong .

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