Consumption Yd Expenditure $ 0 $ 2,000 $ i0,000 $ ii,000 $ 20,000 $ 20,000 $ 30,000 $ 29,000 $ 40,000 $ 38,000 $ 50,000 $ 47,000 a. Determine break-even level of income b. Determine autonomous consumption c. If your income level were $40,000. how much would you save? :1. Calculate MPC, MP5. and Multiplier e. Calculate equilibrium level of income if autonomous Investment = $600, G : $1,000, and NX = $400. 6. List 2 reasons why aggregate demand curve (AD) slopes downward. (2 points} 7. Why $100 spent by government brings a larger increase in the equilibrium level of income than $100 given in tax cut? Explain your answer. (4 points] 8. Explain the difference between budget decit and national debt. (4 points) 9. Distinguish between automatic scal policy and discretionary scal policy. What type of scal policy is being used these days? (5 points) 10. How much government spending needs to be increased to maintain tull employment in the economy If the economy was facing recessionary gap of $500 billions? Assume MPC is .3 How much tax cut should government give it they wanted to eliminate this recessionary gap through tax cut? [5 points)