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

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