Economics 9708 · AS & A Level · Economic growth

Economic growth — practice question

Consider a closed economy with no government intervention, where C = 40 + 0.8Y and I = 60. What is the equilibrium value of income Y?

  • A80
  • B100
  • C300
  • D500

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