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Consider an economy with the given values. Y=C+I+G Y=C+I+G Y=6400 Y=6400 G=2950 G=2950 T=3000 T=3000 C=150+0.80(YT) C=150+0.80(YT) I=100050r I=100050r Answer the following questions. Round answers
Consider an economy with the given values.
Y=C+I+G
Y=C+I+G
Y=6400
Y=6400
G=2950
G=2950
T=3000
T=3000
C=150+0.80(YT)
C=150+0.80(YT)
I=100050r
I=100050r
Answer the following questions. Round answers to two places after the decimal where necessary.
a.Compute private saving, public saving, and national saving.
Private savings: $
Public savings: $
National savings: $
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