When C = 70 + 0.5Y and I = 40, what is the equilibrium income? Option 1: 250 Option 2: 110 Option 3: 220 Option 4: 150

The answer is '220'. View full solution:

CUET Economics - When C = 70 + 0.5Y and I = 40, what is the equilibrium income? | PYQs + Solutions

CUET Economics 2025 28 May Shift 2

Macro

Medium

250

110

220

150

✅ Correct Option: 3

Related questions:

31 May Shift 1

How much consumption will increase when income increases by Rs. 5000 at given marginal propensity to consume of 0.60.

CUET Economics 2023 Slot 1

Given AD = C + I + CY, change in autonomous consumption will lead to :

(A) Change in equilibrium level of income

(B) Change in aggregate demand

(D) Change in aggregate demand and no change in equilibrium level of income

(E) Change in marginal propensity to consume

Choose the correct answer from the options given below :

29 May Shift 2

Which one is not the component of a aggregate demand for final goods?