Question 1.

a) Given the following U.S. data for 2010, S = Y - C - G = $1.28 trillion and I = $1.80 trillion, what were next exports that year?

b) Given S = Y - C - G = $1.28 trillion, I = $1.80 trillion, and NFI = -$0.52 trillion, if the US budget deficit was $1.3 trillion in 2010, what was private saving in the US that year?