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

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter9: Aggregate Demand
Section: Chapter Questions
Problem 1.1P
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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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