North Land, is a closed-border economy, have the following macroeconomic data: GDP= 35,000 Consumption - 9,000 Taxes = 4,000 Government spending - 3800 investment function is 22.600-120r; r is the real interest rate expressed as a percentage. Calculate the private savings, public saving, national saving, investment, and the equilibrium real interest rate. Match the correct answers to the correct variable private savings Choose.. public savings Choose... national savings Choose... interest rate Choose... investment Choose..

North Land, is a closed-border economy, have the following macroeconomic data: GDP= 35,000 Consumption - 9,000 Taxes = 4,000 Government spending - 3800 investment function is 22.600-120r; r is the real interest rate expressed as a percentage. Calculate the private savings, public saving, national saving, investment, and the equilibrium real interest rate. Match the correct answers to the correct variable private savings Choose.. public savings Choose... national savings Choose... interest rate Choose... investment Choose..

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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