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03-06-2023
Business

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The following table contains data for a hypothetical closed economy, using the dollar as its currency. Using the data, calculate government purchase, national saving, private saving, and budget balance.
Data Table
Investment (I) $2,000
Taxes minus Transfer Payments (T) 1,900
Consumption (C) 4,100
Government Purchases (G) Gross Domestic Product (Y) 8,200

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