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Use the saving and investment identities from the National Income Accounts (Y = C + I + G + NX, with a closed economy) to
Use the saving and investment identities from the National Income Accounts (Y = C + I + G + NX, with a closed economy) to answer the following questions. Y = 4,000 C = 2,000 National Savings = 1,200 Public Saving = (-400) Does this country possess a budget deficit or budget surplus? And, what is the $ value of the budget deficit or budget surplus? Group of answer choices Budget deficit of -400 Budget deficit 1200 Budget surplus of -800 Budget surplus of 1600
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