National Saving (5) H 4 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 : Y Public Saving : V Based on your calculations, the government is running a budget V . 2. 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,.I 75 million. Enter the amount for consumption. Value National Income Account (Millions of dollars) Government Purchases (G) 250 Taxes minus Transfer Payments (T) 225 Consumption (C) C] Investment (I) 300 Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table