5. 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 $780 million. Enter the amount for consumption. Value Naonal Income Account {Millions of dollars) Government Purchases (G) 200 Taxes minus Transfer Payments (T) 260 Consumption (G) \\:l Investment (I) 280 Complete the following equation by using national income accounting identities to calculate national saving. In your calculations, use data 'om the previous table. National Saving (S) = V Complete the following equations by using national income accounting identities to calculate private and public saving. In your calculations, use data from the initial table. Private Saving = million Public Saving = $ million Based on your calculations, the government is running a budget