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Question
In an economy, C = 300 + 0.5Y and I = ?. 600/- (where C = consumption, Y = income or investment). Computer the Consumption expenditure at equilibrium level of income
Options
1200
2000
3000
4000
MCQ
Solution
1200
Explanation:
Y = C + I
1800 = c + 600
C = 1800 + 600
Consumption Expenditure C is = ? 1,200/-
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