PLEASE ANSWER ALL QUESTIONS NOT JUST SOMEPLEASE WRITE THE EXACT NUMBERS FOR THE GRAPH.PLEASE READ CAREFULLY, THIS MAY BE A SIMILAR QUESTION, BUT ALL QUESTIONS ARE DIFFERENT # Saving and Investment in the National Income AccountsThe following table contains data for a hypothetical closed economy that uses the dollar as its currency.## National Income AccountSuppose GDP in this country is $1,250 million. Enter the amount for investment.| National Income Account | Value (Millions of dollars) ||-----------------------------|-----------------------------|| Government Purchases (G) | 250 || Taxes minus Transfer Payments (T) | 300 || Consumption (C) | 625 || Investment (I) | \_\_\_\_ (yellow highlighted box) |## National Saving CalculationComplete 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) =**- Formula Options: - $ Y - T - G $ - $ G - T $ - $ Y - C - G $ - $ Y - C $- Calculation: - Amount: \_\_\_\_ million (yellow highlighted)## Private and Public Saving CalculationComplete 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 =**- Formula Options: - $ Y - T - C $ - $ C - T $ - $ T - G $ - $ Y - C - T $- Calculation: - Amount: \_\_\_\_ million (yellow highlighted)**Public Saving =**- Formula Options: - $ T - G $ - $ C - T $ - $ Y - T - I $- Calculation: - Amount: \_\_\_\_ million (yellow highlighted) Based on your calculations, the government is running a **deficit/surplus** (yellow highlighted box).### Diagram ExplanationThe diagram presents a structured approach to calculating national, private, and public savings using data provided for a national income account. With highlighted options and amounts, it guides the user through selecting the appropriate formula for each type of saving.

There is no graph needed. No graph is given in the question. --------- At equilibrium, Y = C + I + G…

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

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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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