Find out the equilibrium level of GDP

Posted on 2013-10-17 19:17:00 in Economics by ROCKIE_PUCH

Given the following hypothetical information about an economy. Find out the equilibrium level of GDP.

            Consumption function (c) = 100 + 0.6Y_d

            Autonomous investment (I) = Rs 500 crore

            Government expenditure (G) = 800 crore

            Taxes (T) = Rs. 200 crore

            Exports (X) = 200 crore

            Import function (M) = 50 + 0.3Y

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