What is the private saving?

timer Asked: Nov 6th, 2015

Question description

Suppose that the closed economy of an island H is described by the following equations: GDP (Y) = 10000 government expenditures (G) = 600, Taxes (T) =2000, Consumption (C) =400 + 3/4 (Y-T) and investment (I) = 200-1400 r .........     Compute the following:

1.Private Saving

2.Public Saving

3.National Saving

4. Equilibrium interest rate

What can you conclude about the economy of island H?

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