Economics 9708 · AS & A Level · Aggregate demand and aggregate supply

Aggregate demand and aggregate supply — practice question

For an economy with no government sector, let C represent consumption, I investment, X exports, M imports and Y national income. Given that C = 20 + 0.75Y, I = 60, X = 120 and M = 120, what is the equilibrium value of Y?

  • A80
  • B280
  • C320
  • D400

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI