Economy, asked by kamolikachouhan9, 18 days ago

calculate equilibrium level of income for a hypothetical economy, for which it is given that Autonomous investment=Rs 1000 cr And C=100+0.8Y​

Answers

Answered by Niharikad5
2

Answer:

Equilibrium Level of Income = 5500 cr

Explanation:

Equilibrium level of income (Y) = Consumption (C) + Investment (I)

Y = 100 + 0.8Y + 1000

Y - 0.8Y = 1100

0.2Y = 1100

Y = 5500

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