6. Assume the following for a closed economy in period t: labor income is 60, taxes are 30, consumption is 50% of disposable income, i.e., C = 0.5(Y T), I = 40, and the production function is Cobb-Douglas: Y = AKMLO'B. (a) How much is capital income? (b) Is the government running a surplus, a decit, or neither? Support your answer. ) ) (c (d Is total saving equal to investment? Defend your answer. How much are public saving and private saving