Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Economy National Income Accounting
Given :
I = 50 + 0.2 Y
S = -150 + 0.4 Y
G = 50
Where I = Investment, S = Savings
G = Government Expenditure
Y = National Income
What is the equilibrium level of national income?
1
2500
2
1250
3
250
4
1500