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Assume an economy with 600 consumers. Each consumer has income in the current period of 50 units and future income of 70 units and pays

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Assume an economy with 600 consumers. Each consumer has income in the current period of 50 units and future income of 70 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 6%. Of the 600 consumers, 200 consume 70 units in the future, while 400 consume 10 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 21.13 , and current saving is 18.87 . For the group of consumers that consume 10 units in the future, current consumption is 77.74 , and current saving is - 37.74 . (Round to two decimal places as needed.) b. Determine aggregate private saving, aggregate consumption in each period, government spending in the current and future periods, the current-period government deficit, and the quantity of debt issued by the government in the current period Aggregate consumption in the current period is government spending in the current period is , and aggregate private saving is . The current-period government deficit is s, and the quantity of debt issued by the government in the current period is . Aggregate consumption in the future period is , and government spending in the future period is. (Round to the nearest whole number as needed.)

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