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For a hypothetical economy the consumption function is given as C = 75 + 0.70Y . If the planned investment is equal to 45 crores

For a hypothetical economy the consumption function is given as C = 75 + 0.70Y . If the planned investment is equal to 45 crores a year,

(a) find out the equilibrium level of income .

(b) The full- employment level of income can be achieved at 485 crores .

How much investment is required to ensure equilibrium at full-employment ?

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