LONG-RUN MODEL OF THE ECONOMY (10 POINTS) The closed economy of Classicland was in 2006 in its LONG-RUN EQUILIBRIUM. Classicland has the following information for the year 2006 related to GDP (in billions of dollars):

Variable	Amount
Total Output (GDP)	2,000
Consumption	1,400
Planned Investment	200
Changes in inventories	0
Government transfer payments	100
Government purchases	400
Taxes	180

Calculate the value of the following macroeconomic variables: REMEMBER: for simplicity we assume that total output is equal to total income. - Total Income: __________ - Potential Output: __________ - Total investment: ___________ - Total Spending (C+I+G): __________ - Net taxes (T) (taxes - transfers): _________ - Disposable Income (total income-T): __________ - Private Saving (S) (Disposable income- C): ________ - Total injections (I+G): ________ - Total leakages (S+T): ________ - Government budget deficit (G-T): _________