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Homework answers / question archive /  Economics in Funlandia, a closed economy, have collected the following info about the economy for a particular year: NX = 0     Y = 10,000    C = 6,000         T = 1,500            G = 1,700

 Economics in Funlandia, a closed economy, have collected the following info about the economy for a particular year: NX = 0     Y = 10,000    C = 6,000         T = 1,500            G = 1,700

Economics

 Economics in Funlandia, a closed economy, have collected the following info about the economy for a particular year: NX = 0     Y = 10,000    C = 6,000         T = 1,500            G = 1,700. The economists also estimate that the investment function is: I = 3,300 - 100r; Where r is the country's real interest rate, expressed as a percentage. 

Calculate private saving, private saving, national saving, investment, and the equilibrium real interest, budget balance. 

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