In an economy S ndash 50 0 5 Y is the saving function where S Saving and Y National Income and...........

In an economy, S = – 50 + 0.5 Y is the saving function (where, S = Saving and Y = National Income) and investment expenditure is Rs. 7000. Calculate

(i) Equilibrium level of National Income

(ii) Consumption expenditure at equilibrium level of National Income (3 marks)