The following table contains data for a hypothetical open economy. The amount of investment spending is unknown.
GDP
$8,000
Consumption (C)
$4,000
Government spending (G)
$1,100
Tax (T)
$1,300
Transfer payment (TR)
$500
Export (X)
$500
Import (IM)
$350
What is the level of private savings?
What is the level of government savings?
What is the status of the budget balance?
What is the level of national savings?
According to the savings-investment spending identity for an open economy, what is the amount of investment spending in this economy?