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# Solution - C = 100 + 0.4 Y 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. - Concept of National Income

ConceptConcept of National Income

#### Question

C = 100 + 0.4 Y 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.

#### Solution

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#### APPEARS IN

2012-2013 (March) 58/1/1
Question 30 | 6 marks
Solution for question: C = 100 + 0.4 Y 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. concept: Concept of National Income. For the courses CBSE (Arts), CBSE (Commerce), CBSE (Science)
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