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Consider a closed economy described by the following equations (all figures in millions of dollars): Y = C + | + G Assume current value

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Consider a closed economy described by the following equations (all figures in millions of dollars): Y = C + | + G Assume current value of output Y in this economy equals $8,000.00 Annual government expenditure equals $2,000.00 Current level of income tax is combination of flat Tax and income adjusted, based on following tax rate; 1,000 + .1(Y) Current annualized consumer spending equals to: 450 + 0.75 (DI), were DI : Disposable income : lncome Tax Current level of short term investment is fixed and equals to $2,000.00 NX : 0 a) Calculate the current state of private saving, public saving and current level of investment. What do the information you calculated tell you about the current state of the economy

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