Attempts Keep the Highest / 5 11 . Saving and investment in the national income accounts The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $1,330 million. Enter the amount for investment. Value National Income Account (Millions of dollars) Government Purchases (G) 350 Taxes minus Transfer Payments (T) 455 Consumption (C) 700 Investment (1)Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the previous table. National Saving (S) = millionComplete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the previous table. National Saving (S) = = Y- C - G million G- T Y- C Y - T- GComplete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the previous table. National Saving (S) = = million G I Complete the following taty sing national income accounting identities to calculate private and public saving. In your calculations, use data fromComplete 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 = S millionComplete 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 = = million Y - C - T T - G Public Saving = Y - T - I million C-TPublic Saving = million Based on your calculations, the government is running a budgetcomplete the following table by using national income accounting lehtites to calculand the initial table. C- T Private Saving = T - G million Y - T - I Y- C-T Public Saving = = million Based on your calculations, the government is running a budgetMic Saving || 4 deficit surplus Based on your calculations, the government is running a budget 7