In an economy C=300+0.8Y and I=500 (Wher...

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 of income.

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(a)4000crores (b) 3500

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SANDEEP GARG-INCOME DETERMINATION AND MULTIPLIER-Practicals

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