CBSE 2020 Class 12 Economics Delhi Set 1

Answer the following questions based on the data given below :
(i) Planned Investments

=₹ 100

crore.
(ii)

{\C}=50+0.50 {\Y}

Question : 19 of 46

Marks: +1, -0

Determine the equilibrium level of income.

Solution:

Planned Investment

I=100

C\;=50+0.5 Y

Y\;=C+I

Y\;=50+0.5 Y+100

0.5 Y\;=150

Y-0.5 Y\;=150

Y\;=\;{1500}/{0.5}

\;=₹ 300 \;\text " crores "\;

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