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Natali5045456 [20]
3 years ago
6

In a private closed economy, (a) the marginal propensity to save is 0.25, (b) consumption equals income at $120 billion, and (c)

the level of investment is $40 billion. What is the equilibrium level of income?
Business
1 answer:
Andreas93 [3]3 years ago
7 0

Answer:

$280 billion

Explanation:

An economy reaches the equilibrium when there is an equal amount of supply and demand.

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3 years ago
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3 years ago
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Answer:

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3 0
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Round 8.35 to the nearest whole number
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Hope this helps!
5 0
4 years ago
Read 2 more answers
. Factors that influence standard of living Which of the following factors played the biggest role in the slow growth of average
Ahat [919]

Answer:

The correct option is slow growth in productivity

Explanation:

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