The consumption schedule is given as below Table 1: Consumption Schedule Gross Income (Y) Consumption (C)...

   

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The consumption schedule is given as below Table 1: Consumption Schedule Gross Income (Y) Consumption (C) Tax (T) 1200 775 100 1800 1135 150 2400 1495 200 3000 1855 250 3600 2215 300 b) Assuming a closed economy, if Investment equals Savings and Government Spending equals RM200, compute the equilibrium income based on the information provided in Table 1 d) If Export equals to zero and Imports equals to 0.1Y, the new equilibrium income will be lower than the one computed in 1(b) above. Prove it. The consumption schedule is given as below Table 1: Consumption Schedule Gross Income (Y) Consumption (C) Tax (T) 1200 775 100 1800 1135 150 2400 1495 200 3000 1855 250 3600 2215 300 b) Assuming a closed economy, if Investment equals Savings and Government Spending equals RM200, compute the equilibrium income based on the information provided in Table 1 d) If Export equals to zero and Imports equals to 0.1Y, the new equilibrium income will be lower than the one computed in 1(b) above. Prove it.