(Solved): 2. Saving and investment in the national income accounts The following table contains data for a hy ...

2. 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 \( \$ 950 \) million. Enter the amount for consumption. Complete the following table by using national income accounting identicies to calculate national saving. In your calculations, use data from the preceding table. National Saving (S) = milion 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 Based on your calculations, the government is running a budget