3 years ago

How do you calculate for equilbrium national income output?thank you ❤

1 answer:

8 0

<em>Most simply, the formula for the equilibrium level of income is when aggregate supply (AS) is equal to aggregate demand (AD), where AS = AD. Adding a little complexity, the formula becomes Y = C + I + G, where Y is aggregate income, C is consumption, I is investment expenditure, and G is government expenditure.</em>

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How do you calculate for equilbrium national income output?thank you ❤​

How do you calculate for equilbrium national income output?thank you ❤