In an economy C = 300+ 0.5Y and I = ₹600(where C is consumption, Y is income or investment). The Equilibrium level of income will be:
CA Foundation · Business Economics · MTP · September 2024
In an economy C = 300+ 0.5Y and I = ₹600(where C is consumption, Y is income or investment). The Equilibrium level of income will be:
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. 1800
Topics: Determination of National Income
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