Question

. Given the following information about an economy:
S = -- 500 + 0.2Y
I = RS 50 CRORES
G= RS 100 CRORES
T = RS 40 CRORES
Answer the following:
i. Determine the equilibrium level of income. [2]
ii. What is the value of consumption expenditure? [2]
iii. If investment increases to RS 150 crores what is new equilibrium level of income? Show this change in diagram.​

Answer 1

Answer:

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