C=50+0.5Y is the consumption function where C is Consumption Expenditure and Y is National Income. Investment expenditure is 2,000 in an economy Calcu

C=50+0.5Y is the consumption function where C is Consumption Expenditure and Y is National Income. Investment expenditure is 2,000 in an economy Calculate(i) Equilibrium level of (National) Income, (ii) Consumption expenditure at equilibrium level of national income.

Monjur Alahi

4 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

Correct Answer - 4100 (ii) 2100

4 views Answered 2023-02-05 15:29

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