Consider the following data for a closed economy: Y = $11 trillion C = $8 trillion I

Question:

Consider the following data for a closed economy:
Y = $11 trillion
C = $8 trillion
I = $2 trillion
TR = $1 trillion
T = $3 trillion
Use these data to calculate the following:
a. Private saving
b. Public saving
c. Government purchases
d. The government budget deficit or budget surplus