Mathematics · Equilibrium National Income
Given the consumption function C = 50 + 0.8Yd, proportional tax rate t = 20%, autonomous investment I = 100, and government expenditure G = 30, what is the equilibrium level of national income (Y)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 900
- 2Rs. 650
- 3Rs. 500
- 4Rs. 490✓
Correct answer
Rs. 490
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