1.

From the following data about an economy, calculate its equilibrium level of income: (i) Autonomous Consumption = 400 (ii) Marginal Propensity to Consume = 0.5 (iii) Investment = 4000

Answer»

From the following data about an economy, calculate its equilibrium level of income:

(i) Autonomous Consumption = 400
(ii) Marginal Propensity to Consume = 0.5
(iii) Investment = 4000



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