Calculate investment and the equilibrium real interest rate

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Assume that the officials in Ecoland have compiled the following information about their economy for last year:

Y = 10,000
C = 6,000
T = 1,500
G = 1,700

The government uses the following equation for the investment function:

I = 3,300 - 100r

Where r = equal to Ecoland's real interest rate.

Calculate, then explain, the following:

* Private saving
* Public saving
* National saving
* Investment
* The equilibrium real interest rate

Reference no: EM13237903

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