What is the equilibrium value of gdp


Suppose that the consumption function in a certain economy is C=100 +0.8D, where C is consumption expenditure and D is disposable income. If intended investment equals 10, what is the equilibrium value of GDP?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: What is the equilibrium value of gdp
Reference No:- TGS061420

Expected delivery within 24 Hours