1. Metru Nui is an island city with a labor supply I: = 50,000 and a capital stock I? = 5 00 1 1 Their production function is Y = LEKE. Their economy is well described by the following equations: Y = C + I + G + NX C = 250 + 0.75(Y T) I = 1000 501' 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