Economy, asked by parchu9848, 11 months ago

In an economy, the consumption function is c= 50+0.9y and the initial investment is ₹ 20 crores. calculate : a) equilibrium level of income

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Answered by RewelDeepak

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Question 7. c = 50 + 0.5Y is the consumption function; where C is consumption expenditure and Y is national income and investment expenditure is 72000 in an economy. Calculate: (i) Equilibrium level of national income

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