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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

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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 $1,260 million. Enter the amount for government purchases. National Income Account Government Purchases (G) Value (Millions of dollars) Taxes minus Transfer Payments (T) 270 Consumption (C) Investment (I) 750 210 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

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