Question: How to do part f and g with steps provided? Thanks Assignment 2, BECO 1001, 2021-2022, I, Dr. Qiao Zhuo, FBA, University of Macau Real

How to do part f and g with steps provided? Thanks

How to do part f and g with steps provided? Thanks Assignment

Assignment 2, BECO 1001, 2021-2022, I, Dr. Qiao Zhuo, FBA, University of Macau Real Planned Govern- Aggregate GDP Consump Invest- ment Net Planned Income -tion ment Spending Taxes Expenditures 0 300 500 200 1,000 1,200 300 500 200 2,000 2,000 300 500 200 3,000 300 500 200 3,600 4,000 3,600 300 500 200 5,000 4,400 300 500 200 6,000 300 500 200 7,000 300 500 200 (b) Calculate MPC and MPS. (4 marks) (c) Determine the equilibrium income level for this economy. (3 marks) (d) If real GDP is 3,000, is unplanned inventory investment positive or negative? Predict how firms will respond with their production plan. (3 marks) (e) At which output level is saving zero? (3 marks) (f) At which output level is saving equal to investment? (4 marks) (g) At which output level is saving equal to non-consumption spending? (4 marks)

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