Question 1a) Suppose a country operates in a closed economy. Find the numerical values for the empty cells (show calculations) Govern A= B- Consument Income Public Private mption Expen Tax (T) (Y) Saving Saving diture (T-G) (Y-C-T) (G) $2,000 $500 0 $800 2 7 $2,000 $500 $800 $800 2 12 Natio Nation nal Invest al Savin ment Saving (0) (A+B) C-G) (C) g (Y 2 2 2 ? 2 7 Question 1b) Suppose GDP (Y) is $8 trillion: Taxes (T) are $1.5 trillion, Private Savings (Sprivate) is $0.5 Trillion and public savings is $0.2 trillion. Assuming a closed economy, find the numerical values of C. G. S and I. Use the following formulae S=Y-C-G S=Sprivate + Spublic = (Y-C-T)+(T-G) + S=1