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equilibrium income
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ranjankumarnayak5
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May 07, 2016; 2:50pm
equilibrium income
101 posts
If the consumption function is given by C=100 +.6(y-T) and planned investment is
150, government spending is 50, and T is 100, then equilibrium income is
(A ) 600
(B) 7 s0
(c)400
( D) 3s0
SM
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May 07, 2016; 4:21pm
Re: equilibrium income
37 posts
Hi Rajan!
Y= C+I+G .
Substituting C and the values of I and G, we have:
Y= 100+0.6(Y-100)+ 150+50
you get the answer as 600
ranjankumarnayak5
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May 07, 2016; 4:53pm
Re: equilibrium income
101 posts
thanks a lot. I got it.
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