Attempts 2. Saving and investment in the national income accounts The following

Question

Attempts 2. Saving and investment in the national income accounts The following table contains data for a hypothetical dosed economy that uses the dollar as its currency, Average: S Suppose GDP in this country is $800 million. Enter the amount for investment. Value (Millions of dollars) 200 National Income Account Government Purchases (G) Taxes minus Transfer Payments (T) Consumption (C) Investment (I) Complete the following table by using national income accounting identities to calculate national saving. In preceding table. Notional Saving (S) = your calculations, use data from the

Explanation / Answer

1. National Saving=Y-C-G

=800-300-200

=300

2. Private Saving=Y-C-T

=800-300-260

=240

3.Public Saving=T-G

=260-200

=60

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