India is the second populous country in the world that has indicate growth improvement over time. Suppose consumption function for India is C = XXXXXXXXXXY – T) and taxes are autonomous which equal to...

India is the second populous country in the world that has indicate growth improvement over time. Suppose consumption function for India is
C = 250 + 0.6(Y – T) and taxes are autonomous which equal to $20.

(a)Find India’s consumption function (C).

(b)Suppose India’s investment (I) is equal to $300 and government spending (G) is equal to $150 at every level of disposable income. Calculate national income equilibrium for a 3-sectors economy.

(c) In the same year, India seems to be very active in export and import activities. This sector has contributed $100 for net export (NX). Calculate national income equilibrium for the 4-sectors economy of India.