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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
$1,800 million. Enter the amount for investment. National Income Account Value (Millions of
dollars) Government Purchases (G ) 450 Taxes minus Transfer Payments (T ) 585 Consumption
(C ) 675 Investment (I ) Complete the following table by using national income accounting
identities to calculate national saving. In you

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Saving and investment in the national income accounts The fo.pdf

  • 1. 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 $1,800 million. Enter the amount for investment. National Income Account Value (Millions of dollars) Government Purchases (G ) 450 Taxes minus Transfer Payments (T ) 585 Consumption (C ) 675 Investment (I ) Complete the following table by using national income accounting identities to calculate national saving. In you