Homework (Ch 26) Value (Millions of dollars) National Income Account Government Purchases (G) Taxes minus Transfer Payments (T) Consumption (C) Investment (1) 455 490 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) = 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. Private Saving = Private Sering – million millon utual Fund Public Saving – million Funds Based on your calculations, the government is running a budget MacBook Pro

Suppose GDP in this country is $1,540 million. Enter the amount for government purchases. Value (Millions of dollars) National Income Account Government Purchases (G) Taxes minus Transfer Payments (T) Consumption (C) Investment (1) 455 700 490 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) – 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. Private Saving = milion Public Saving = million MacBook Pro