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The following shows information of a hypothetical economy in a given year. Calculate the values of...

The following shows information of a hypothetical economy in a given year.
Calculate the values of national saving, private saving, and government saving.

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The value of national saving is $___, the value of private saving is $___, and the value of government saving is $___.

Please explain how to calculate national and private saving.

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Answer #1

National saving = Y(gdp)-Consumption-Government purchase

Y = Consumption+Investment+Government purchase+Net Exports = 350+100+125+(60-50) = 585

NS = 585-350-125 = 110

Private saving = Y-C-T

= 585-350-100 = 135

Government saving = T-G = 100-125 = -25

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Answer #2

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