Gce Model Questions Vol1 2022 Economics Question 32
Practice objective / multiple choice question 32 from the 2022 Gce Model Questions Vol1 Economics examination.
In an economy, consumption is given by \(C = 150 + 0.75(Y - T)\) and taxes are \(T = 0.2Y\). Investment \(I = 200\), government spending \(G = 250\), exports \(X = 100\) and imports \(M = 0.1Y\). Using the expenditure approach, find the equilibrium level of national income \(Y\).
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This is Gce Model Questions Vol1 2022 Economics Question 32. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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