Answered: C= R60 million I= R280 million…

C= R60 million I= R280 million Goverment= R310 million C = 0.75 1. Calculate the Autonomous expenditure 2. Calculate the Equilibrium level of income. 3. Draw a graph to illustrate the Equilibrium

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 4.8P

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Question

C= R60 million

I= R280 million

Goverment= R310 million

C = 0.75

1. Calculate the Autonomous expenditure

2. Calculate the Equilibrium level of income.

3. Draw a graph to illustrate the Equilibrium

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good day. can you assist on the following question below USE THE FOLLOWING INFORMATION C=R60 MILLION, I = R280 MILLION; GOVERNMENT= R 310 MILLION c=0.75 TO:- CALCULATE THE AUTONOMOUS EXPENDITURE CALCULATE THE EQUILIBRIUM LEVEL OF INCOME DRAW A GRAPH TO ILLUSTRATE THE EQUILIBRIUM
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