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Calculate private saving

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Question:

Economist in Funlandia, a closed economy, have collected the following information about the economy for a particular year:

Y= 10000

C= 6000 T=1500 G=1700

The economist also estimate that the investment function is: I= 3300-100 r,

Where r is the country's real interest rate, expressed as percentage. Calculate private saving, public saving, national saving, investment and the equilibrium interest rate.

Reference no: EM131486663

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