In an economy , the investment expenditure is Rs. 70 crores and consumption functin  is C= 60 + 0.80
Channel: Doubtnut
Date: 09/05/2020

In an economy , the investment expenditure is Rs. 70 crores and consumption functin  is C= 60 + 0.80 Y . ("i) Determine the equilibrium level of income , (ii) Find the equilibrium income when planned investment expenditure is creased by Rs. 10 crores , (iii) Value of multiplier due to increase in investment expenditure.