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Complete the following table to answer the questions 5 and 6. 5 marks ...

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Question

Accounting

Complete the following table to answer the questions 5 and 6. 5 marks

Income

Y

Cons.

C

Exports

(X)

Govt.

Exp.(G)

Taxes

(T)

Inv.

(I)

Imp.

M

Sav.

S

Total

Withdrawals

Total

Injections

900

200

200

-100

1300

300

300

0

1700

400

400

100

2100

500

500

200

2500

600

600

300

2900

700

700

400

The following components of the above table remain constant at each level of income.

G = $500 X = $300 I = $400

5 What is the break-even level of income? Why?

6 What is the equilibrium level of income? Why?

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