Question 1 Report
Given that Y = C + 1, where C = 50 + 0.75 and 1 = N45m, what is the equilibrium level of income?
Answer Details
Y = C + IY = 50 + 0.75 + 45Y - 0.75 = 50 + 45Y (1 - 0.75) = 950.25y = 95Y = 95/0.25Y = 380
In the long run, all production factors are____________
Commercial bank reserves at the Central Bank____________
If the standard deviation of a given data is 8.2, find its variance_______________
A major determinant of the demand for a luxury good is____________?
The ultimate objectives of economics is to_________?
The privatization of public enterprises will lead to efficient management of resources in the economy. This statement can best be described as_____________
The savings deposit in a commercial bank is called____________?
The type of business finance that entitles the holder to a fixed rate of dividend is______________--
Everything you need to excel in JAMB, WAEC & NECO