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From the following data calculate the equilibrium level of national income: Autonomous Consumption = 500 Marginal Propensity to Save = 0.2 Investment = 2,000

From the following data calculate the equilibrium level of national income: Autonomous Consumption = 500 Marginal Propensity to Save = 0.2 Investment = 2,000 (Equilibrium Level of National Income = 12,500)

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