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Consider an economy described by the 6 following equations. In this economy, compute private savi (1) Y= C+1+ G (2) Y = 6,000 (3) G = 1,250 (4) T= 1,500 (5) Consumption function: C = 200 + 0.8(Y- T) %3D %3D 1000 (6) Investment function : I 4 r Select one: O a. Public Saving= 250; Private saving=700 and National saving=950 O b. Public Saving= 250; Private saving= 7,900 and National saving=8,150 O c. Public Saving= -250; Private saving= 700 and National saving 450 O d. Public Saving= 250; Private saving=750 and National saving=1,000

Consider an economy described by the 6 following equations. In this economy, compute private savi (1) Y= C+1+ G (2) Y = 6,000 (3) G = 1,250 (4) T= 1,500 (5) Consumption function: C = 200 + 0.8(Y- T) %3D %3D 1000 (6) Investment function : I 4 r Select one: O a. Public Saving= 250; Private saving=700 and National saving=950 O b. Public Saving= 250; Private saving= 7,900 and National saving=8,150 O c. Public Saving= -250; Private saving= 700 and National saving 450 O d. Public Saving= 250; Private saving=750 and National saving=1,000

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Consider an economy described by the 6 following equations. In this economy, compute private saving, public saving, and national saving. (1) Y= C+1+ G (2) Y= 6,000 (3) G = 1,250 (4) T= 1,500 (5) Consumption function: C = 200 + 0.8(Y- T) 1000 (6) Investment function : = 4 r Select one: O a. Public Saving= 250; Private saving=700 and National saving%-950 O b. Public Saving= 250; Private saving= 7,900 and National saving=8,150 c. Public Saving= -250; Private saving= 700 and National saving%=D450 d. Public Saving= 250; Private saving=750 and National saving=1,000
Transcribed Image Text:Consider an economy described by the 6 following equations. In this economy, compute private saving, public saving, and national saving. (1) Y= C+1+ G (2) Y= 6,000 (3) G = 1,250 (4) T= 1,500 (5) Consumption function: C = 200 + 0.8(Y- T) 1000 (6) Investment function : = 4 r Select one: O a. Public Saving= 250; Private saving=700 and National saving%-950 O b. Public Saving= 250; Private saving= 7,900 and National saving=8,150 c. Public Saving= -250; Private saving= 700 and National saving%=D450 d. Public Saving= 250; Private saving=750 and National saving=1,000
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