1. Metru Nui is an island city with a labor supply E = 50,000 and a capital stock 1 1 I? = 500. Their production function is Y = LEK E . Their economy is well described by the following equations: Y=C+I+G+NX C = 250+0.75(YT) I =100050r G = 1000 T =1000 NX = 0 There is no trade because they are located far below the surface of the island Mata Nui. Let the price level equal 1. What is Y, C and I? What is the wage w and interest rate r in this economy