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Dear Sir, Kindly solve the below numerical:- Supposed that planned consumption = 30+0.8Y and planned investment is Rs. 50 crore find:- 1) Equilibrium level of nation income 2) The level of consumption...

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Dear Sir,

Kindly solve the below numerical:-

Supposed that planned consumption = 30+0.8Y

and planned investment is Rs. 50 crore find:-

1) Equilibrium level of nation income

2) The level of consumption at Equilibrium

3) The level of saving at Equilibrium

Answered Same Day Dec 22, 2021

Solution

David answered on Dec 22 2021
120 Votes
Supposed that planned consumption = 30+0.8Y and planned investment is Rs. 50 crore find:-
Equili
ium level of nation income
The level of consumption at Equili
ium
The level of saving at Equili
ium
Answer:
Equili
ium (in a closed economy) occurs at a point where income (Y) equals...
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