Question 1 (10 marks) a) The table below shows the consumption function, taxation, government spending and investment le
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Question 1 (10 marks) a) The table below shows the consumption function, taxation, government spending and investment le
Question 1 (10 marks) a) The table below shows the consumption function, taxation, government spending and investment level for Country Isketambola in 2020 (figures are in RM million). Calculate the equilibrium income for the country using aggregate demand-aggregate supply (AD-AS) approach. (5 marks) Items Consumption function Taxation Government spending Investment Export Import Country Isketambola C = 150 +0.75Yd T = 0.2Y G = 200 I = 150 X = 300 M = 0.1Y