An Economist from Gordea gives you the following information about the country. He said that Consumption = $900, Investment = $300, Government Purchases = $500, Exports $500, Imports - $600. He also told you that the marginal propensity of Savings in this Economy is 20%. Using the Keynesian Equation, calculate the Income (Y) of this economy.

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22-06-2024
Business

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An Economist from Gordea gives you the following information about the country. He said that Consumption = $900, Investment = $300, Government Purchases = $500, Exports $500, Imports - $600. He also told you that the marginal propensity of Savings in this Economy is 20%. Using the Keynesian Equation, calculate the Income (Y) of this economy.

Sagot :

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