Suppose C + I + G = €3,200m, calculate the National Income (Y) if exports (X) are €500m and imports (M) are €400m - Leaving Cert Economics - Question 5 - 2014

To find the National Income (Y), we can use the following formula:

$Y = C + I + G + X - M$

Substituting the values provided in the question:

$Y = €3,200m + €500m - €400m$

Now, perform the arithmetic:

1. Start with: $€3,200m + €500m = €3,700m$
2. Then subtract imports: $€3,700m - €400m = €3,300m$

Thus, the National Income (Y) is:

€3,300m