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Use the following information to answer questions 21-25.GDP ( Y ) is 10,000. Consumption ( C ) . is given by the equation C =
Use the following information to answer questions 21-25.GDP (Y) is 10,000. Consumption (C).is given by the equationC= 1,000 + 0.75(Y-T). Investment (I) is given by the equationI= 1,000 - 100r, whereris the real interest rate in percent. Taxes (T) are 2,000 and government spending (G) is 2,200.
Based on the information above, private saving is _____, public saving is _____, and the equilibrium interest is _____.
Select one:
A.
800, -200, 1
B.
1000, -200, 2
C.
1000, 200, 2
D.
1800, -200, 4
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