In  a two sector economy, the income and consumtions functions are Y=C+I and C=50+0.80Y.
Channel: Doubtnut
Date: 2020-05-09

In  a two sector economy, the income and consumtions functions are Y=C+I and C=50+0.80Y. If the investment are 50 crores. Calculate(a) Equilibrium level of income, (b) Level of consumption at equilibrium (C ) Saving at equilibrium