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Just need help with question #4 and double-checking previous answers. I know what the savings-investment spending identity is, but I'm confused by the question and

Just need help with question #4 and double-checking previous answers. I know what the savings-investment spending identity is, but I'm confused by the question and the answer considering that savings and investment don't equate. An explanation would be very helpful, thank you!

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Savings and Investment Spending in Econoland In the Econoland economy: Consumption $250 billion Government spending $138 billion Imports $77 billion Investment spending $1200 billion Exports $60 billion Compute the following based on the data in the table. 1. GDP in Econoland GDP = C+I+ G +X - IM= 250 + 1200 + 138 + 60 - 77 = 1,571 billion 2. National savings in Econoland (Open economy) National savings = GDP - C - G = 1,571 - 250 - 138 = 1,183 billion 3. Net capital inflow into Econoland NCI = IM - X = 77 - 60 = 13 billion 4. The savings-investment spending identity for the Econoland economy Savings-investment spending identity in an open economy = Investment spending = National savings + NCI 1200 = 1,183 + 13 1200 = 1196

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