a. What is the marginal propensity to consume implicit in this data?

b. What is the numerical value of the multiplier for this economy?

c. What is the equilibrium level of real GDP?

d. Suppose that private investment (I ) increased from 400 to 600 at each level of income. What would happen to the equilibrium level of GDP?

Use the following data to answer questions a to d. Please provide the computing procedures in your answers. (20 %) Y C I G NX 7,000 6,100 400 1,000 500 8,000 6,900 400 1,000 500 9,000 7,700 400 1,000 500 10,000 8,500 400 1,000 500 11,000 9,300 400 1,000 500 12,000 10,100 400 1,000 500 13,000 10,900 400 1,000 500 a. What is the marginal propensity to consume implicit in this data? b. What is the numerical value of the multiplier for this economy? 0. What is the equilibrium level of real GDP? (1. Suppose that private investment (I ) increased from 400 to 600 at each level of income. What would happen to the equilibrium level of GDP