Suppose the Consumption of an economy is given by C = 20+ 0.6Y and Investment I = 10 + 0.2Y. What will be the equilibrium level of National Income.
CA Foundation · Business Economics · MTP · September 2025
Suppose the Consumption of an economy is given by C = 20+ 0.6Y and Investment I = 10 + 0.2Y. What will be the equilibrium level of National Income.
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. 150
Topics: Determination of National Income
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