10. Work It Out. Consider an economy described as follows: Y = C+I+G Y = G = T = C = I = 1,200 100 r. 8,000 2,500 2,000 1000+2/3 (Y - T) - a. In this economy, compute private saving, public saving, and national saving. b. Find the equilibrium interest rate.
10. Work It Out. Consider an economy described as follows: Y = C+I+G Y = G = T = C = I = 1,200 100 r. 8,000 2,500 2,000 1000+2/3 (Y - T) - a. In this economy, compute private saving, public saving, and national saving. b. Find the equilibrium interest rate.
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter8: Savings,investment And The Financial System
Section: Chapter Questions
Problem 4PA
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