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Complete the following table by using national income accounting identities to calculate national saving

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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) =  G-T, Y-T-G, Y-C-G, OR Y-C ?

 

 =     I, Y, C, OR G ?

 

= __________ 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.

 

Private Saving =  C-T, T-G, Y-T-I, OR Y-C-T?

 

=   million ?

 

 

Public Saving =  Y-T-I, C-T, Y-C-T, OR T-G?

 

  =  million ?

 

 

Based on your calculations, the government is running a budget:   Deficit or Surplus?