Question : The equilibrium level of income in an economy is Rs. 3000 crore. The autonomous consumption expenditure is equal to Rs.250 crore and investment expenditure is Rs. 1000 crore. Calculate consumption expenditure.
Option 1: 3000
Option 2: 1500
Option 3: 2000
Option 4: 1000
Answer (1)
23rd Jan, 2024
Correct Answer: 2000
Solution : Y= C+I
3000=C+1000
C= 2000
Hence, Option C is correct.
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