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Equilibrium level of income for two sector economy

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Reference no: EM13148414

The graph below shows the equilibrium level of income for two sector economy.

1882_What is the value of APC at income level Z.png


Questions

1. What is the value of X, Y, Z

2. What is the value of APC at income level Z?

3. At income level RM 2000, what is the value of APC?

4. If autonomous consumption changes to RM 150 million, calculate the new value of Equilibrium national income.

5. Derive saving function based on question

Reference no: EM13148414

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