2. Saving and investment in the national income accounts The following table contains data for a Hypothetical closed eco

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2. Saving and investment in the national income accounts The following table contains data for a Hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $1,540 million. Enter the amount for government purchases. Value (Millions of dollars) National Income Account Government Purchases (G) Taxes minus Transfer Payments (7) Consumption (C) Investment (/) Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. National Saving (S) = Complete the falling i Y-C-G Y-T-G Y-C G-T 455 700 490 million The national income

Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. National Saving (S) = C Y 1 G Complete the following the initial table. Private Saving Public Saving M million using national income accounting identities to calculate private and public saving. In your calculations, use data from million million Based on your calculations, the government is running a budget,

Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. National Saving (S) = Complete the following table by using national income accounting identities to calculate private and public saving. In your calculations, use data from the initial table. Private Saving = million. = C-T Y-C-T 日 Y-T-I T-G Based on your calculations, the government is running a budget, Public Saving= million million

Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. National Saving (S) Complete the following table by using national income accounting identities to calculate private and public saving. In your calculations, use data from the initial table. Y-T-I Private Saving Public Saving Y-C-TZ T-G million C-T million million Based on your calculations, the government is running a budget,

Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. National Saving (S) = million Complete the following table by using national income accounting identities to calculate private and public saving. In your calculations, use data from the initial table. Private Saving = Public Saving= million million Based on your calculations, the government is running a budget, surplus deficit