Economics (M.Phil./Ph.D.) 2017 Panjab University Entrance Exam With Answers

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7.

The formula for the equilibrium level of income for the four sector model would be:

A: Y=1/1-b+m(a+ I+G +X-bT-M)
B: Y=1/1-b-m(a+ I+G +X-bT-M)
C: Y= 1/1-m+b (a+ I + G + X -b T - M )
D: None of the above

The answer is: A

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