Tropicana is a closed economy, described by the following equations:Solve for the following values.a. Private saving

In a closed economy, private saving, , is equal toA) I - (G - T).B) I + (G - T).C) I + (G + T).D) I - (G + T).E) I + (G - T) + C.

Where Y is GDP, C is consumption, I is investment, T is net taxes and G is government spending, if there is no trade, then private saving equals:Group of answer choicesY - T - CY - C – IY - T – GC + I + G – T

For a closed economy, GDP is $29 trillion, consumption is $9 trillion, taxes are $2.0 trillion and the government runs a surplus of $4 trillion. What are private saving and national saving?Group of answer choices$18.0 trillion and $22.0 trillion, respectively$22.0 trillion and $18.0 trillion, respectively−$18.0 trillion and −$22.0 trillion, respectively−$18.0 trillion and $22.0 trillion, respectively

The question below is based on the following equations, which refer to a model of a closed economy without a government sector:

1.      In a classical model of a closed economy, assume the equilibrium GDP (Y) is $7000, Consumption C is given by the equation.C = 270 + 0.8 (Y-T).Taxes (T) is equal to $800 and government spending G is $500.What is the equilibrium investment?