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Assume you have the following information about the UK economy: Investment is exogenous and currently at 315 billions (I = 315) The marginal propensity to

Assume you have the following information about the UK economy: Investment is exogenous and currently at 315 billions (I = 315) The marginal propensity to consume is 0.8 ` (a = 0.8) Given the national income model: E = Y Y = C + I C = aY Where: Y: National income E: Aggregate expenditure C: Consumption I: Investment What is the equilibrium level of national income (Y)

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