The following table contains data for a hypothetical closed economy that uses the dollar as its...
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The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $470 million. Enter the amount for government purchases. National Income Account Government Purchases (G) Taxes minus Transfer Payments (T) Consumption (C) Investment (I) Value (Millions of dollars) Private Saving = 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) = 90 250 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. million 120 The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $470 million. Enter the amount for government purchases. National Income Account Government Purchases (G) Taxes minus Transfer Payments (T) Consumption (C) Investment (I) Value (Millions of dollars) Private Saving = 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) = 90 250 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. million 120
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