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Suppose GDP in this country is $1,330 million. Enter the amount for government purchases. Value National Income Account (Millions of dollars) Government Purchases (G) Taxes
Suppose GDP in this country is $1,330 million. Enter the amount for government purchases. Value National Income Account (Millions of dollars) Government Purchases (G) Taxes minus Transfer Payments (T) 455 Consumption (C) 700 Investment (I) 280 Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. National Saving (S) = million 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 million Public Saving = $ million Based on your calculations, the government is running a budget
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