Please solve this question:

The distinction between autonomous and induced expenditure is important for the determination of equilibrium real GDP. Assume that the marginal propensity to consume is 0.7, the marginal propensity to import is 0.1 and autonomous aggregate expenditure is 40. Please make sure your nal answes) are accurate to the nearest whole number. a) What is the equation for the aggregate expenditure function under these assumptions? b) Draw the aggregate expenditure function in the incomeexpenditure 45 line graph. vhggmgate upendure E 3 g E LU 3 3 2 on 3' Real GDP and Income (Y) 60 90 120 150 180 210 Ea c) What is the equilibrium level of real GDP? IEquilibrium GDP =