C. Assume that G is equal to 1100, so output is given by your answer to (b). Compute private plus public saving. Is it equal to investment? Is it higher or lower than when G was 800? Explain. Private saving is defined as = (Y-T)-C =22,500 - 3,475 - 16,420 = 2,605 Public saving is defined as T-G = 2,375 (National) Saving = private plus public saving =2,605 + 2,375= 4,980 d. What is the multiplier?1/(1-c(1-c)-i What happens to the multiplier if tax revenue (T) is instead fixed at 3000? Explain. The multiplier= 1/(1-0.8(1-0. 15)-0. 2)= 8.33 If tax revenue is fixed, then the multiplier=1/(1-0.8-0.2) = infinite