The following table shows the yearly income of a company:
| Year |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
| Income (Rs millions) |
52 |
54 |
61 |
59 |
62 |
60 |
65 |
Obtain the equation of line by least squares method. Also, estimate the income of the company for the years 2024 and 2026.
question_19: | In an economy which engages in foreign trade, it is assumed that Y = C + I + G + X - M, where \( C = C_0 + 0.8Y_d \), \( C_0 = 90\text{m} \), \( I = 500\text{m} \), \( G = 700\text{m} \), \( X = 250\text{m} \), \( M = 0.3Y_d \), \( t = 0.4 \), \( Y_d = Y - T \), T = tY.
Find the expenditure equation and hence find the equilibrium level of national income and consumption. Also, calculate the total tax.