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Suppose GDP in this country is $1,540 million. Enter the amount for consumption. Value National Income Account (Millions of dollars) Government Purchases (G) 350 Taxes
Suppose GDP in this country is $1,540 million. Enter the amount for consumption. Value National Income Account (Millions of dollars) Government Purchases (G) 350 Taxes minus Transfer Payments (T) 455 Consumption (C) C] Investment (1) 490 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) H 4 || 4 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 u 1 Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. I 1 National Saving (S) II 1 $ 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. II 1 Private Saving l| eh million Public Saving = million Based on your calculations, the government is running a budget v
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