From the following data about an economy, calculate: (a) Equilibrium level of national income; and (b) Total consumption expenditure at equilibrium level of national income. (i) C = 200 + 0.5 Y
a. Solve for the equilibrium level of income.
![Class 12 Eco] What is Income Determination and Multiplier? - Teachoo](https://d1avenlh0i1xmr.cloudfront.net/7a175f98-97ff-4c1e-bb55-495ec34ddaf0/how-to-draw-as--graph---teachoo.jpg "Class 12 Eco] What is Income Determination and Multiplier? - Teachoo")
Class 12 Eco] What is Income Determination and Multiplier? - Teachoo
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Class 12 Eco] What is Income Determination and Multiplier? - Teachoo
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