Question: Use the table to answer the questions below: AE table (in $billions) Real Consumption Saving Investment ExportsImports Government Aggregate GDP Purchases Expenditures 306 320 -14

Use the table to answer the questions below: AE table (in

$billions) Real Consumption Saving Investment ExportsImports Government Aggregate GDP Purchases Expenditures 306

Use the table to answer the questions below: AE table (in $billions) Real Consumption Saving Investment ExportsImports Government Aggregate GDP Purchases Expenditures 306 320 -14 8 10 17 6 327 334 341 -7 8 10 17 6 348 362 362 O 8 10 17 6 369 390 383 7 8 10 17 6 390 418 404 14 8 10 17 6 411 446 425 21 8 10 17 6 432 1. What is the equilibrium real GDP in this economy? 2. Calculate the MPC and MPS in this economy. 3. Calculate the GDP multiplier for this economy. 4. If consumption increases by $15 billion, what will the effect be on the real GDP

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