Use the information below to answer the questions below. C = 400 + 0.6Y I = 500 Q.4.2.1 Calculate autonomous spending. (2) Q.4.2.2 Calculate the equilibrium level of income. (4) Q.4.2.3 Illustrate with the aid of a diagram the equilibrium level income calculated in Q.4.2.2

Use the information below to answer the questions below. C = 400 + 0.6Y I = 500 Q.4.2.1 Calculate autonomous spending. (2) Q.4.2.2 Calculate the equilibrium level of income. (4) Q.4.2.3 Illustrate with the aid of a diagram the equilibrium level income calculated in Q.4.2.2

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

^{Use the information below to answer the questions below.
C = 400 + 0.6Y
I = 500
Q.4.2.1 Calculate autonomous spending. (2)
Q.4.2.2 Calculate the equilibrium level of income. (4)
Q.4.2.3 Illustrate with the aid of a diagram the equilibrium level income
calculated in Q.4.2.2}

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