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Business, 28.03.2020 04:20 lusciousl

Economists in Funlandia, which has a closed economy, have collected the following information about the economy for a particular year:
Y = 12,500
C = 9,000
T = 2,100
G = 2,200
The economists also estimate that the investment function is:

I = 2,000−100r
where r is the country’s real interest rate, expressed as a percentage.

Calculate private saving, public saving, national saving, investment and equilibrium real interest rate.

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