C= 100 + 0.4Y is the consumption function of an economy where C is consumption expenditure and Y is National Income. Investment expenditure is 1100. C

C= 100 + 0.4Y is the consumption function of an economy where C is consumption expenditure and Y is National Income. Investment expenditure is 1100. Calculate (i) Equilibrium level of National Income (ii) Consumption expenditure at equilibrium level of National Income.

Monjur Alahi

5 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

Correct Answer - 2000900

5 views Answered 2023-02-05 15:29

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