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* This graph combines panels (a) and (b) of Figure 2 in the textbook. National saving is constructed as Y – C – G. Investment is gross private domestic investment. NCO is constructed as S – I. Source: U.S. Department of Commerce. I obtained the data from: /fred2/ Series: GDP (for Y), GDPI (for I), GCE (for G), PCE (for C). All data are quarterly, SAAR, billions of current dollars. * This slide mirrors the discussion at the end of the textbook’s case study “Is the U.S. Trade Deficit a National Problem?” The following slide does not. * The material on this slide is NOT IN THE
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