The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $1,250 million. Enter the amount for consumption. Value National Income Account Government Purchases (G) (Millions of dollars) 250 Taxes minus Transfer Payments (I") 300 Consumption (C) Investment (I) 375 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 Public Saving million million Based on your calculations, the government is running a budget Scenario 2: An investment tax credit effectively lowers the tax bill of any firm that purchases new capital in the relevant time period. Suppose the government repeals a previously existing investment tax credit. Shift the appropriate curve on the graph to reflect this change. The repeal of the previously existing tax credit causes the interest rate to and the level of saving to Scenario 3: Initially, the government's budget is balanced; then the government significantly increases spending on national defense without changing taxes. This change in spending causes the government to run a budget, Shift the appropriate curve on the graph to reflect this change. This causes the interest rate to which the level of investment spending. national saving.