Determine the equilibrium GDP for an economy

Posted on 2013-10-18 11:21:00 in Economics by ANDROID_753

Determine the equilibrium GDP for an economy given consumption function (C) = 200 + 0.6Y_d, autonomous investment (I) = Rs 200 crore , government expenditure (G) = Rs 300 crore and government taxes Rs 120 crore. Determine the equilibrium GDP for an economy given consumption function (C) = 200 + 0.6Y_d, autonomous investment (I) = Rs 200 crore , government expenditure (G) = Rs 300 crore and government taxes Rs 120 crore.

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