Homework (Ch 13) 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 $1,800 million. Enter the amount for government purchases. National Income Account Government Purchases (G) Taxes minus Transfer Payments (T) Consumption (C) Investment (I) 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) = Private Saving = = $ Public Saving = $ 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. $ Value (Millions of dollars) million million million 585 675 675 Based on your calculations, the government is running a budget

Aomework (Ch 13) 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 GOP in this country is $1,800 mution, Enter the amount for government purchases. Complete the fodowing table by using natienal income accounting identites to calculote national saving. In your calculations, use data from the preceding table. NationalSurine(S)==mition