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Economists in Fundlandia, a closed economy, have collected the following information about GDP and public savings in their country: Y = 1000 {3:100 T =100

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Economists in Fundlandia, a closed economy, have collected the following information about GDP and public savings in their country: Y = 1000 {3:100 T =100 They further estimate that national savings and investment are governed by the following expressions: S =150 + 50*r I = 600100*[ Where I is the country's real interest rate (in % terms - thus if you nd I = 5, then r is 5%) Fundlandia is operating at potential output (GDP). Calculate the following equilibrium values for the country: Investment The Real Interest Rate Consumption Private Savings

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