Question
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.
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 $800 million. Enter the amount for investment.
| National Income Account | Value |
|---|---|
| (Millions of dollars) | |
| Government Purchases (GG) | 200 |
| Taxes minus Transfer Payments (TT) | 260 |
| Consumption (CC) | 300 |
| Investment (II) |
Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table.
NationalSaving(S)NationalSaving(S) | == | |
== | ||
| million |
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 $800 million. Enter the amount for investment.
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul A. Copley
10th Edition
007352705X, 978-0073527055
