Suppose the consumption of an economy is given by C = 30 + 0.5Y and investment I = 12 + 0.15Y. What will be the equilibrium level of National Income?
CA Foundation · Business Economics · PYQS · September 2024
Suppose the consumption of an economy is given by C = 30 + 0.5Y and investment I = 12 + 0.15Y. What will be the equilibrium level of National Income?
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. 120
Topics: Determination of National Income
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