ruby223464 ruby223464
  • 29-04-2019
  • Business
contestada

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

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Аноним Аноним
  • 29-04-2019

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.

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