G ng.cengage.com Exam #2: Chapters 24-29 CENGAGE | MINDTAP Exam #2: Chapters 24-29 4. Saving and investment in the national Income accounts 76:58 The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $900 million. Enter the amount for investment. Value National Income Account (Millions of dollars) Government Purchases (G) 250 Taxes minus Transfer Payments (T) 325 Consumption (C) 375 Investment (1) 275 ing 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 = million Public Saving = million Based on your calculations, the government is running a budget Save & Continue