In an economy C 300 0 5 Y and I Rs 600 where C Consumption Y Income Investment Calcul...........

In an economy C = 300 + 0.5 Y and I = Rs. 600 (where, C = Consumption, Y = Income, / = Investment). Calculate the following (3 marks)

(i) Equilibrium level of income

(ii) Consumption expenditure at equilibrium level of income