Calculate The Equilibrium GDP Sample Assignment

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Calculate The Equilibrium GDP Sample Assignment

Calculate the equilibrium GDP given the following data:
                        C = 150 + 0.7Y
                         I = Rs. 200 crore
                        G = Rs. 250 crore

Solution :

We know, in equilibrium
                                       Y = C + I + G
                                          = 150 + 0.7Y + 200 +250
Since                               Y = 0.74 = 600
Or                                0.34 = 600
Since                              Y = 600 X 0.3 = Rs. 2000 crore.

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