Answer to Question #59595 in Macroeconomics for ali

Question

National Income Accounts.
GNP = 8,800. T = 2,000. C = 5,000. G = 2,200.
X = 500. M = 900. GDP = 8,600. Dep. = 500.
Determine Saving..

Answer 1

National Savings = Y-C-G = I
where Y - the GDP;
C – consumption;
G - Government purchases.
National Savings = 8800-5000-2200 = 1600