In the Keynesian model, the equilibrium level of income is determined where the sum of consumption and investment equals the national income.

Looking at the table, we can see that the equilibrium level of income is where the sum of consumption and investment equals the national income.

This occurs at a national income level of 800, where consumption is 740 and investment is 60.

740 (consumption) + 60 (investment) = 800 (national income)

So, the correct answer is:

c. 800

Question

In the Keynesian model, the equilibrium level of income is determined where the sum of consumption and investment equals the national income.

Looking at the table, we can see that the equilibrium level of income is where the sum of consumption and investment equals the national income.

This occurs at a national income level of 800, where consumption is 740 and investment is 60.

740 (consumption) + 60 (investment) = 800 (national income)

So, the correct answer is:

c. 800

Knowee AI · Accepted Answer

In the Keynesian model, the equilibrium level of income is determined where the sum of consumption and investment equals the national income.

Looking at the table, we can see that the equilibrium level of income is where the sum of consumption and investment equals the national income.

This occurs at a national income level of 800, where consumption is 740 and investment is 60.

740 (consumption) + 60 (investment) = 800 (national income)

So, the correct answer is:

c. 800

National IncomeConsumptionInvestment01006020026060400420606005806080074060100090060The equilibrium level of income is:a.500b.400c.800