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Given: Investment = N100 million Consumption = N200 m + 0.75Y Y = C + IWhere, Y ...


Question

Given: Investment = N100 million

Consumption = N200 m + 0.75Y

Y = C + I

Where, Y =Income, C = Consumption and where

I = Investment

What is the income level to the nearest million?

Options

A)
N100 Million
B)
N300 Million
C)
N1,000 Million
D)
N1,200 Million

The correct answer is D.


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