Practice Suppose that in a closed economy GDP is equal to 15 000, taxes are equal to 2500, consumption is equal to 7500, and government expenditures are equal to 3000. Find 1.Income 2.Private Saving 3.Public Saving 4.National Saving 5.Investment 2017 by Nelson Education Lidi ight.2020 Pearson Canada Inc. 125-11 Active Learning A. Calculations Suppose GDP equals $10 million, consumption equals $6.5 million, the government spends $2 million and has a budget deficit of $1 million. Find public saving, taxes, private saving, national saving, and investment