C=100+0.4Y is the consumption function o...

C=100+0.4Y is the consumption function of an economy where C is Consumption Expenditure and Y is National Income. Investment expenditure is 1,100 Calculate(i) Equilibrium level of National Income, (ii) Consumption expenditure at equilibrium level of national income.

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2000 (ii) 900

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SANDEEP GARG-INCOME DETERMINATION AND MULTIPLIER-Practicals

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