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1. Saving and investment in the national income accounts The following table contains data for a hypothetical closed economy that uses the dollar as its

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1. 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 $1,680 million. Enter the amount for government purchases. Value National Income Account ( Millions of dollars) Government Purchases (G) Taxes minus Transfer Payments (T) 420 Consumption (C) 875 Investment (1) 455

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