Fromt the following data about an economy, calculate, (a) Equilibrium level of national income, and
(b) Total consumption expenditure at equilibrium level of income national income.
(i) C=200+0.5Y is the consumption funciton where C is consumption expenditure and Y is national income.
(ii) Investment expenditure is 1500

Explanation

(a) 3400 (b) 1900