$3.(25$pts$)$

Real GDP

Consumption

Planned Investment

Government Purchases

Net Exports

$$5,000$

$$4,500$

$$500$

$$325$

$-125$

$6,000$

$5,300$

$$500$

$$325$

$-125$

$7,000$

$6,100$

$$500$

$$325$

$-125$

$8,000$

$6,900$

$$500$

$$325$

$-125$

Answer the questions based on the table below. The values are in millions of dollars. $(15$pts$)$

What is the equilibrium level of real GDP$?$

What is the MPC$?$

If potential GDP is $$7,000$ million, is the economy at full employment? If not, what is the condition of the economy?

If the economy is not at full employment, by how much should government spending increase so that the economy can move to the full employment level of GDP$?$

Suppose autonomous consumption in an economy is $$3$ trillion, the MPC is $0\mathrm{.}8,$ government spending is $$700$ billion, investment equals $$600$ billion, and net exports equal $-100$ billion. Calculate the equilibrium output value for this economy. $(10$pts$)$