1. 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. Suppose GDP in this country is $1,250 million. Enter the amount for investment. Value National Income Account (Millions of dollars) Government Purchases (G) 250 Taxes minus Transfer Payments (T) з00 Consumption (C) 625 Investment (I) Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. Y-T-G National Saving (S) G -T million Y-C-G Y Y-C G 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 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. Y-T-I Private Saving C-T million C-T T-G Y-C-T Y-C-T Y-T-I T-G Public Saving million deficit surplus Based on your calculations, the government is running a budget