Would like all parts answered please; specifically parts (d,e,f) Given the following on a closed economy.C= consumptionC = 40 + 0.8YdI = 55 – 200,I= InvestmentG = 20G = government spendingT = 20Т- ТахesYe = 400Ye = National Incomer = rate of interestDetermine the following:a. The equilibrium level of consumptionb. The level of investmentc. The level of interest rated. The level of Private savingse. The level of Public savingsf. The level of national savings

a) The equilibrium level of consumption: C= 40 + 0.8 * (400-20) C= 40 +256 C= 296 c) Y= C+ I +G…

Answered: Would like all parts answered please;…

Business

Economics

Would like all parts answered please; specifically parts (d,e,f)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Would like all parts answered please; specifically parts (d,e,f)

Given the following on a closed economy.
C= consumption
C = 40 + 0.8Yd
I = 55 – 200,
I= Investment
G = 20
G = government spending
T = 20
Т- Тахes
Ye = 400
Ye = National Income
r = rate of interest
Determine the following:
a. The equilibrium level of consumption
b. The level of investment
c. The level of interest rate
d. The level of Private savings
e. The level of Public savings
f. The level of national savings

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