I need answer for this 25 In an economy, the consumption function is C = 600 + 0 - Economics - Determination of Income and Employment

Question

I need answer for this

25 In an economy, the consumption function is C =
600 + 0 9Y, where C is consumption expenditure and Y is income
Calculate the equilibrium level of income and consumption
expenditure, when investment expenditure is 500

Shruti Mishra · Accepted Answer

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I need answer for this 25. In an economy, the consumption function is C = 600 + 0.9Y, where C is consumption expenditure and Y is income. Calculate the equilibrium level of income and consumption expenditure, when investment expenditure is 500.

I need answer for this

25. In an economy, the consumption function is C = 600 + 0.9Y, where C is consumption expenditure and Y is income. Calculate the equilibrium level of income and consumption expenditure, when investment expenditure is 500.