Given Investment N100 million Consumption N200 ... - JAMB Economics 1997 Question
Given: Investment = N100 million
Consumption = N200 m + 0.75Y
Y = C + I
where, Y =Income, C = Consumption and where
I = Investment
What is the income level to the nearest million?
Consumption = N200 m + 0.75Y
Y = C + I
where, Y =Income, C = Consumption and where
I = Investment
What is the income level to the nearest million?
A
N100 Million
B
N300 Million
C
N1,000 Million
D
N1,200 Million
correct option: d
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