Given that Y = C + 1; where C = 50 + 0.75 and 1 = N45m; what is the equilibrium level of income?

By: |Published on: Oct 19|Categories: Economics JAMB| 0 comments

A. N20m
B. N380m
C. N200m
D. N180m

Correct Answer:

Option B – N380m

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