each part that follows use the economic data given to find national saving, private ving, public saving, and the national saving rate. ousehold saving=200 Business saving=400 Government purchases of goods and set services=260 Government transfers and interest payments=135 Tax collections=245GDP=3,000 Instructions: Enter your response for the national saving rate rounded to one decimal place. If you are entering any negative numbers, be sure to include a (-) in front of those numbers. square square square square b GDP=6,400 Tax collections=1,925 Government transfers and interest payments=400 Consumption expenditures=4,570 Government budget surplus=100 Instructions: Enter your response for the national saving rate rounded to one decimal place. If you are entering any negative numbers, be sure to include a (-) in front of those numbers. National saving square square square square Consumption expenditures=4,800 Investment=1,000 Government purchases=1,000 Net exports=16 Tax collections=1,700 Government transfers and interest payments=500 Instructions: Enter your response for the national saving rate rounded to one decimal place. If you are entering any negative numbers, be sure to include a (-) in front of those numbers.

## Step 1: Calculate Private Saving### Private saving is the sum of household saving and business saving. Given:- Household saving = 200- Business saving = 400 ## Step 2: Calculate Public Saving### Public saving is calculated as tax collections minus government purchases and transfers/interest payments. Given:- Tax collections = 245- Government purchases = 260- Government transfers and interest payments = 135 ## Step 3: Calculate National Saving### National saving is the sum of private saving and public saving. ## Step 4: Calculate National Saving Rate### The national saving rate is the national saving divided by GDP, expressed as a percentage. Given GDP = 3,000: ## Step 5: Repeat for Part B### Given:- GDP = 6,400- Tax collections = 1,925- Government transfers and interest payments = 400- Consumption expenditures = 4,570- Government budget surplus = 100### Calculate Public Saving: ### Calculate Private Saving: Assuming government purchases are not given separately, use: ### Calculate National Saving: ### Calculate National Saving Rate: ## Step 6: Repeat for Part C### Given:- Consumption expenditures = 4,800- Investment = 1,000- Government purchases = 1,000- Net exports = 16- Tax collections = 1,700- Government transfers and interest payments = 500### Calculate GDP: ### Calculate Public Saving: ### Calculate Private Saving: ### Calculate National Saving: ### Calculate National Saving Rate: