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The following table shows the prices and quantities consumed in the country known as College Canada. Suppose the base year is 2014. Please fill in

  1. The following table shows the prices and quantities consumed in the country known as College Canada. Suppose the base year is 2014. Please fill in the following table.

Year

Price of books

Quantity of books

Price of pencils

Quantity of pencils

Price of pens

Quantity of pens

CPI

Inflation rate

2014

$50

10

$1

100

$5

100

n/a

2015

$50

12

$1

200

$10

50

2016

$60

12

$1.5

250

$20

20

  1. [10 points in total] Use the saving and investment identities from the National Income Accounts to answer the following questions. Suppose the following values are form the national income accounts of a country with a closed economy. ( All values are in billions.)

Y = $600

T = $100

C = $400

G = $120

  1. What is the value of saving and investment in this country? (4 points)

  1. What is the value of private saving? (3 points)

  1. What is the value of public saving? (3 points)

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