In each part that follows, use the economic data given to find national saving, private saving, public saving, and the national saving rate. (LO3)

a. Household saving 5 200 Business saving 5 400 Government purchases of goods and services 5 100 Government transfers and interest payments 5 100 Tax collections 5 150 GDP 5 2,200

b. GDP 5 6,000 Tax collections 5 1,200 Government transfers and interest payments 5 400 Consumption expenditures 5 4,500 Government budget surplus 5 100

c. Consumption expenditures 5 4,000 Investment 5 1,000 Government purchases 5 1,000 Net exports 5 0 Tax collections 5 1,500 Government transfers and interest payments 5 500