Solution - Concept of National Income



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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.


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Solution for concept: Concept of National Income. For the courses 12th CBSE (Arts), 12th CBSE (Commerce), 12th CBSE (Science)