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Say that C = XXXXXXXXXX8Y, I = 4, G =1. What is the equilibrium value of aggregate income?

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Say that C = XXXXXXXXXX8Y, I = 4, G =1. What is the equilibrium value of aggregate income?
Answered Same Day Dec 22, 2021

Solution

David answered on Dec 22 2021
129 Votes
C = 15 + 0.8Y, I = 4, G =1. What is the equili
ium value of aggregate income?
Answer:
At equili
ium, Y = C+I +G
Y = 15+0.8Y + 4 + 1 or
0.2Y = 20, implies equili
ium value of aggregate income (Y*) = 100
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