National IncomeConsumptionInvestment01006020026060400420606005806080074060100090060The equilibrium level of income is:a.500b.400c.800
Question
Solution 1
In the Keynesian model, the equilibrium level of income is determined where the sum of consumption and investment equals the national income.
Looking at the table, we can see that the equilibrium level of income is where the sum of consumption and investment equals the national income.
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