In an economy `C=500+0.9 Y` and `I=1,000` (where `C=` consumption, `Y=` income, `I=` investment). Calculate the following : (i) Equilibrium level of i

Question

In an economy `C=500+0.9 Y` and `I=1,000` (where `C=` consumption, `Y=` income, `I=` investment). Calculate the following : (i) Equilibrium level of i

In an economy `C=500+0.9 Y` and `I=1,000`
(where `C=` consumption, `Y=` income, `I=` investment).
Calculate the following :
(i) Equilibrium level of income.
(ii) Consumption expenditure at equilibrium level of income.

Monjur Alahi

5 views

2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

given `Y=C+I`
(i) `Y=500+0.9 Y+1000`
`Y=1500+0.9 Y` or `0.1 Y=1,500`
`Y=` Rs. `15,000`
(ii) `C=Y-I=15,000-1,000=` Rs. `14,000`.

5 views Answered 2023-02-05 15:29