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Y = 20,000,000 C = 12,000,000 T = 3,000,000 I = 4,600,000 I = 6,600,000 - 100,000r Where r is real interest rate, expressed as

Y = 20,000,000

C = 12,000,000

T = 3,000,000

I = 4,600,000

I = 6,600,000 - 100,000r

Whereris real interest rate, expressed as a percentage,Cis consumption,Tis taxes (transfer payment is zero),andIis domestic Investment

(a)Please calculateprivate saving,public savingandnational saving. Please show all calculations for full credit

(b)Please calculateequilibrium real interest rate

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