Problem
1. How are the effects of changes in domestic saving and investment for large open economies similar to those for small open economies and closed economies?
2. Suppose Japan has a GDP of $5 trillion, and that its national savings rate is 25%.
a) Calculate Japan's national saving.
b) Calculate Japan's government saving if private saving is $800 billion.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.