Neco 2025 Economics Question 19
Practice objective / multiple choice question 19 from the 2025 Neco Economics examination.
In a closed economy, consumption is given by \(C = 200 + 0.75(Y - T)\), investment \(I = 150\), government spending \(G = 100\), and taxes are proportional to income: \(T = 0.2Y\).\n\n(a) Compute the equilibrium national income \(Y\).\n(b) If government spending rises by ₦50, what is the new equilibrium income?
Answer Options
About This Question
This is Neco 2025 Economics Question 19. It is one of the objective questions from the 2025 Neco Economics examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.