(Solved): 1. Saving and investment in the national income accounts The following table contains data for a hy ...

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 \( \$ 1,540 \) million. Enter the amount for government purchases. 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 \( (S)= \) milition Complete the following table by using national income accounting identibles to calculate private and public sauing. In your calculations, use data from the in tal table Privase Saving \( = \) million Paklic Senise = mallion Based on your calculations, the govemment is running a budget