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Ashika
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Asked: 2024-09-08T23:38:41+05:30 In:

In an economy, C = 300 + 0.5Y and I = ₹. 600/- (where C = consumption, Y = income or investment). Compute the following:The equilibrium level of income

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In an economy, C = 300 + 0.5Y and I = ₹. 600/- (where C = consumption, Y = income or investment). Compute the following:The equilibrium level of income
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  1. Ashika
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    I = ₹.600/- and C = 300 + 0.5Y

    Y = C + I

    Y = 300 + 0.5Y + 600

    Y = 900/0.5

    Income (Y) = ₹. 1,800/-

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