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Assume an economy with 1400 consumers. Each consumer has income in the current period of 70 units and future income of 80 units and pays

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Assume an economy with 1400 consumers. Each consumer has income in the current period of 70 units and future income of 80 units and pays a lump-sum tax of 10 in the current period and 20 in the future period. The market real interest rate is 9%. Of the 1400 consumers, 600 consume 70 units in the future, while 800 consume 30 units in the future. a. Determine each consumer's current consumption and current saving. For the group of consumers that consume 70 units in the future, current consumption is and current saving is For the group of consumers that consume 30 units in the future, current consumption is and current saving is (Round to two decimal places as needed.)

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