An economy is in equilibrium. Its consumption function is C=300 +0.8Y. and investment is 700 find national income.

An economy is in equilibrium. Its consumption function is C=300 +0.8Y. and investment is 700 find national income.

Determination of Income and Employment Economics Class 12 CBSE Value Based Questions

Jigar
Jul 24, 2020
1 Answers

Answers

Rajesh

Jul 29, 2020

C= 300+0.8 Y
Y = C+I
Y = 300+0.8Y+700
=1250

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