Questions are listed below:

Use the table below to solve this problem. $240 $256 $1Ei 1 .016? 0.016? 0.8 0.2 260 268 8 1 .0000 0.0000 0. 8 0. 2 280 280 0 0.985? 0.0143 0.8 0.2 300 292 8 0.9?33 0.026? 0.8 0.2 320 304 16 0.9625 0.03?5 0.8 0.2 340 316 24 0.9529 0.04?1 0.8 0.2 360 328 32 0.9444 0.0556 0.8 0.2 380 340 40 0.9368 0.0632 0. 8 0. 2 400 352 48 0.9300 0.0?00 0.8 0.2 Suppose the wealth effect is such that a $10 change in wealth produces a $3 change in consumption at each level ofincome. Instructions: Enter your answers as a whole number. a. If real estate prices tumble such that wealth declines by $160, what will be the new level of consumption at the $340 billion level of disposable income? :5 b. What will be the new level of saving