You are given the following budget data for a country that has both a central government and local governments.

$\backslash$table$[[$Central purchases of goods,$500],[$Local purchases of goods,$250],[$Central transfer payments,$200],[$Local transfer payments,$100],[$Grants in aid $($central to local$),150],[$Central tax receipts,$800],[$Local tax receipts,$150],[$Interest received from private sector by central government,$25],[$Interest received from private sector by local governments,$10],[$Total central government debt,$1500],[$Total local government debt,$0],[$Central government debt held by local governments,$300],[$Nominal interest rate,$10\%$