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:

15 May Shift 1

Given that in an economy, consumption function is

C = 80 + 0.80Y and autonomous investment (I) = 120,

Match List-I with List-II

List-I	List-II
(A) Equilibrium level of income	(I) 400
(B) Break-even point	(II) 120
(C) Investment multiplier	(III) 5
(D) Value of savings at equilibrium	(IV) 1000

Choose the correct answer from the options given below:

21 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Marginal propensity to save	(I) Slope of consumption function
(B) Marginal propensity to consume	(II) Value is 1 at the break even point of the economy
(C) Investment Multiplier	(III) Reciprocal of marginal propensity to save
(D) Average propensity to consume	(IV) 1- c

Choose the correct answer from the options given below:

CUET Economics 2022 Slot 1

Suppose a TV manufacturing unit wants to raise its inventories from 1000 units to 2000 units during the year. Expecting sale of 5000 units during the year, the firm produces 5000+1000= 6000 TV sets. Actual sale for the firm are 5000 TV sets during the year.

This is an example of:

CUET Economics 2025 28 May Shift 2 PYQs

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