Question

20. In a two-sector economy, the income and consumption functions are: Y=C+I and C= 50+ 0.80Y.
the investments are 50 crores, calculate: (a) Equilibrium level of income; (b) Level of consumption
la) < 500 crores; (b) 450 crores: (c) < 50 crom
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at equilibrium; (c) Saving at equilibrium.
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Answer 1

Answer:

A

Explanation:

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