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In an economy C=200+0.75Y is the consumption function where C is consumption expenditure and Y is national income. Investment expenditure is 4000. Cal

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In an economy C=200+0.75Y is the consumption function where C is consumption expenditure and Y is national income. Investment expenditure is 4000. Calculate equilibrium level of income and consumption expenditure.
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Equilibrium level of income=16800 Consumption expenditure=12800
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