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From the following data about an economy calculate it's equilibrium level of income MPS =0.75 Autonomous consumption=200 Investment=6000

Posted by Abhisar Mishra 3 years, 10 months ago

CBSE > Class 12 > Economics

1 answers

Banjara 07 3 years, 10 months ago

S= MPS.Y -autonomous consumption expenditure At , equilibrium S=I :.6000= (0.75)Y - 200 :.Y=8266.7

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