for national savings answers can be G-T y-c y-c-g y-t The following table contai

Question

for national savings answers can be

G-T

y-c

y-c-g

y-t

The following table contains data for a hypothetical closed economy which uses the dollar as its currency. Enter the amount for Investment (I). Complete the following table by selecting national income accounting identities to calculate national saving. In your calculations, use data from the Data Table. Complete the following table by selecting national income accounting identities to calculate private and public saving. In your calculations, use data from the Data Table. Based on your calculations, the government is running a budget .

Explanation / Answer

Y = C+I+G

I = 8200-4100-2100

Investment = $2000

NOw,

Saving = Investment = $2000

Saving Private =Y-T-C = 8200-1900-4100 = $2200

Saving Public = T-G = 1900-2100 = $-200

Government os running a Budget Deficit

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