Economics (AS & A Level) · May / June 2021 · Paper 33 · Question 25
9708The circular flow of income
In an economy with no government sector: C = consumption I = investment X = exports M = imports Y = national income. If C = 40 + 0.5Y, I = 80, X = 100 and M = 100, what will be the equilibrium level of Y?
- A60
- B240
- C280
- D640
As printed in the paper
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Correct answer: B. 240
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