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Consider an economy with the following model. GDP Y = 7,500 Consumption C = 500 + 0.8(Y - T) Taxes T = 1,500 Government spending

Consider an economy with the following model.

GDP

Y = 7,500

Consumption

C = 500 + 0.8(Y - T)

Taxes

T = 1,500

Government spending

G = 1,800

Find the equilibrium national saving. Show all your work.

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