Consider the following data for a closed economy: Y=$12 trillion C=$10 trillion G=$2 trillion S public ​
=$−1.0 trillion T=$4 trillion ​
Use the data to calculate the following: (Enter your responses rounded to one decimal place.) a. Private saving is: $ trillion. b. Investment spending is: $0.0 trillion. c. Transfer payments are: $ trillion. d. The government budget balance is: $−1.0 trillion and as a result the government budget is in