Given  consumption function C= 100+ 0.75Y (where C= consumption expenditure and Y= national income)
Channel: Doubtnut
Date: 09/05/2020

Given  consumption function C= 100+ 0.75Y (where C= consumption expenditure and Y= national income) and investment expenditure Rs. 1,000, calculate: ("i) Equilibrium level of national income, (ii) Consumption expenditure equilibruim level of national income.