C = 120 + 0.5Y I = 20 What is the equilibrium income? Option 1: 140 Option 2: 280 Option 3: 1400 Option 4: 140.5Y

The answer is '280'. View full solution:

CUET Economics - C = 120 + 0.5Y I = 20 What is the equilibrium income? | PYQs + Solutions

CUET Economics 2025 3 June Shift 2

Macro

Easy

140

280

1400

140.5Y

✅ Correct Option: 2

Related questions:

CUET Economics 2023 Slot 4

Match List - I with List - II.

	List - I		List - II
(A)	Marginal Propensity to Save	(I)	$\frac{\Delta Y}{\Delta I}$
(B)	Average Propensity to Consume	(II)	$\frac{\Delta S}{\Delta Y}$
(C)	Value of Investment Multiplier	(III)	1 - APS
(D)	Marginal Propensity to Consume	(IV)	$\frac{\Delta C}{\Delta Y}$

Choose the correct answer from the options given below :

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The equilibrium level of output may be more or less than the full employment level of output. If it is less than the full employment of output, it is due to the fact that demand is not enough to employ all factors of production. This situation is called ......

21 May Shift 1

At the present level of employment in a hypothetical economy, the aggregate demand is falling short of aggregate supply. What will be the likely change in the level of national income of this economy?

CUET Economics 2025 3 June Shift 2 PYQs

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