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+1 vote
9.4k views
in Economics by (63.7k points)

Find National Income from the following: 

Autonomous Consumption = Rs 100/

Marginal propensity to consume  = 0.60

Investment=Rs 200/

1 Answer

+2 votes
by (69.4k points)
selected by
 
Best answer

At equilibrium Y = C +I 

Y = c +b.Y + I 

=100+(0.6)Y + 200 

= 300 + (0.6)Y 

→ (0.4)Y = 300  

→Y = Rs 750

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