Q20 In an economy, C = 300 + 0 8Y and I = 500 (where c=consumption, y=income, I-investment) Calculate - Economics - Determination of Income and Employment

Question

Q20 In an economy, C = 300 + 0 8Y and I = 500 (where c=consumption,
y=income, I-investment) Calculate the following:
(a) Equilibrium level of income
(b) Consumption expenditure at equilibrium level

Shruti Tyagi · Accepted Answer

Dear student,

Refer to the similar link for the asked query

https://www meritnation
com/ask-answer/question/give-consumption-function-c-100-0-75y-where-c-consump/economics/3588148

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Q20.In an economy, C = 300 + 0.8Y and I = 500 (where c=consumption, y=income, I-investment). Calculate the following: (a) Equilibrium level of income (b) Consumption expenditure at equilibrium level.

Q20.In an economy, C = 300 + 0.8Y and I = 500 (where c=consumption, y=income, I-investment). Calculate the following:
(a) Equilibrium level of income
(b) Consumption expenditure at equilibrium level.