# economics

#### nileiyen

In a closed economy with no government, consumption is three-quarters of income at all levels of income. The present equilibrium level of income is $220 million. The full employment level of income is$240 million.
By how much would investment have to increase to reach full employment?
A $5 million B$15 million
C $20 million D$30 million
can you help me this please

#### O/A level Solutions

When there is no government it means that only C+I are the factors present.