Given that Y = C + 1; where C = 50 + 0.75 and 1 = N45m; what is the equilibrium level of income? by Sunday | Oct 19 | Economics JAMB | 0 comments A. N20m B. N380m C. N200m D. N180m Correct Answer: Option B – N380m Users Also Read These:If the marginal propensity to consume is 0.6 and…Consider the equilibrium reaction represented by the…Consider the following equilibrium system: 2SO2(g) +…With a given level of money income, a consumer…If MPC is 0.7 while government expenditure increased…