B. The table below shows the consumption function, taxation, government spending and investment level for country ABC in
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B. The table below shows the consumption function, taxation, government spending and investment level for country ABC in
B. The table below shows the consumption function, taxation, government spending and investment level for country ABC in 2010. Calculate the national income equilibrium for country ABC. Items Consumption function Taxation Government spending Investment Export Import Country ABC (2010) C = 150 +0.75Yd T = 0.28 G = 200 I = 150 X = 300 M = 0.14 (10 marks)
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