CBSE 2020 Class 12 Economics Delhi Set 1

Answer the following questions based on the data given below :
(i) Planned Investments =₹100 crore.
(ii) C=50+0.50Y

Question : 19

Total: 46

Determine the equilibrium level of income.

Solution:

Planned Investment I=100
C‌=50+0.5Y
Y‌=C+I
Y‌=50+0.5Y+100
0.5Y‌=150
Y−0.5Y‌=150
Y‌=‌

1500

0.5

‌=₹300‌ crores ‌

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