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CBSE 2020 Class 12 Economics Delhi Set 1

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Answer the following questions based on the data given below :
(i) Planned Investments =₹100= \text{₹} 100 crore.
(ii) C=50+0.50YC = 50 + 0.50 Y
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Question : 19 of 46
Marks: +1, -0
Determine the equilibrium level of income.
Solution:  
Planned Investment I=100I=100
C=50+0.5YC=50+0.5Y
Y=C+IY=C+I
Y=50+0.5Y+100Y=50+0.5Y+100
0.5Y=1500.5Y=150
Y−0.5Y=150Y-0.5Y=150
Y=15000.5Y=\frac{1500}{0.5}
=₹300 crores=\text{₹}300 \text{ crores}
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