Question

For a three sector economy the following are given:

= 25 + 0.6, I = 30, G = 25

where C = consumption, I = investment, and G = government expenditure.

Find out the equilibrium output level.​

Answer 1

Answer:

To find equilibrium level of output:

Y = C + I + G

Y = 25+0.6+30+25

Y = ₹ 80.6