Calculate then explain national saving

Assignment Help Business Economics

Reference no: EM13247804

Prepare a two- to three-page analysis by answering the questions below. Be sure to cite your references using APA format.

Assume that the officials in Ecoland have compiled the following information about their economy for last year:

Y = 10,000

C = 6,000

T = 1,500

G = 1,700

The government uses the following equation for the investment function:

I = 3,300 – 100r

Where r = equal to Ecoland’s real interest rate.

Calculate, then explain, the following:

Private saving

Public saving

National saving

Investment

The equilibrium real interest rate

Reference no: EM13247804

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