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HELP IN ECONOMICS MCQ- NOV 2006 P3 Q 24

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dasani0708

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21 In a closed economy with no government C = 30 + 0.8 Y and I = 50, where C is consumption, Y is
income and I is investment.
What is the equilibrium level of income?
A 64 B 80 C 250 D 400

HOW TO GET THE ANSWER.
 
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