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Question

Consider an economy described as follows:

$\begin{array}{l}{Y=C+I+G.} \\ {Y=8,000.} \\ {G=2,500.} \\ {T=2,000.} \\ {C=1,000+2 / 3(Y-T).} \\ {I=1,200-100 r.}\end{array}$

In this economy, compute private saving, public saving, and national saving.

Solutions

VerifiedSolution A

Solution B

Answered 4 months ago

Step 1

1 of 5The economy is described as,

$Y = C + I + G$

$Y = 8,000$

$G = 2,500$

$T = 2,000$

$C = 1,000 + \dfrac{2}{3}\left(Y - T \right)$

$I = 1,200 - 100r$

Answered 6 months ago

Step 1

1 of 7In this problem, we are tasked to compute for the private saving, public saving, national saving, and equilibrium rate.

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