An economy is represented by the following set of equations: Y =C+1
C= 80m + 1.6Y where
Y represents aggregate expenditure
C represents consumption expenditure by households.
I represents investment expenditure by firms M millions of Ghana cedis.
Given that the value of Investment (I) is GH¢100m calculate equilibrium
(i) Estimate the aggregate expenditure (Y)
(ii) Consumption expenditure (C)
(iii) Aggregate saving (S)