Calculate the equilibrium level of income, if the saving function is denoted by S = -20 + 0.25 Y and autonomous investment (I) = 100 crores.
CA Foundation · Business Economics · PYQS · May 2026
Calculate the equilibrium level of income, if the saving function is denoted by S = -20 + 0.25 Y and autonomous investment (I) = 100 crores.
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. 480 crores
Topics: Determination of National Income
Related Questions in this Topic
- In the four-sector Keynesian model, the equilibrium income condition is:
- If, in the four-sector model, aggregate consumption and taxes are greater than aggregate income, it indicates that:
- Government of India recently launched ‘Make in India' programme. What will be its impact on Aggregate Demand of India?
- Which concept of national income best reflects economic welfare?
- Mixed income of self-employed includes: