Given that Y = C + 1, where C = 50 + 0.75 and 1 = N45m, what is the equilibrium level of income? - SchoolNGR

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Given that Y = C + 1, where C = 50 + 0.75 and 1 = N45m, what is the equilibrium level ...

Given that Y = C + 1, where C = 50 + 0.75 and 1 = N45m, what is the equilibrium level of income?

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A N20m
B N380m
C N200m
D N180m

Correct Answer: Option B

Explanation:

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