Government Purchases (G

G)350Taxes minus Transfer Payments (T

T)420Consumption (C

C)Investment (I

I)455

Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table.

NationalSaving(S)

NationalSaving(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.

PrivateSaving

PrivateSaving=

= =

=million

PublicSaving

PublicSaving=

= =

=million

Based on your calculations, the government is running a budget .