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Question
Suppose for a given economy,
S = -60 + 0.1Y
I = ₹ 4,000 crore
(Where S = Saving Function, Y = National Income and I = Investment Expenditure)
Equilibrium level of Income would be ₹ ______ crore.
Options
4,000
40,000
40,600
60,400
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Solution
Suppose for a given economy,
S = -60 + 0.1Y
I = ₹ 4,000 crore
(Where S = Saving Function, Y = National Income and I = Investment Expenditure)
Equilibrium level of Income would be ₹ 40,600 crore.
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