Use the worksheet to write your answers: i. Complete the AE column. What is the equilibrium level of GDP for the economy? How did you determine the equilibrium level of GDP? Please explain. ii. Define the term autonomous consumption expenditure. iii. Please explain how you could determine the level of autonomous expenditure level for the economy given in the table. Based on the information given in the table above, the level of autonomous consumption expenditure of this economy is ............trillion of 2009 dollars. Answer: Real GDP, Y Consumption Investment 0 1 2 3 st 4 5 6 7 8 Gov. Expenditure, Expenditure, Expenditure, | G 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 9 10 0.75 1.25 1.75 2.25 2.75 3.25 3.75 4.25 4.75 5.25 5.75 2 2 The table above gives data for an economy. IN Exports, X Imports, M 1 1 1 1 1 1 1 1 1 1 1 0.5 0.75 1.0 1.25 1.5 1.75 2.0 2.25 2.5 2.75 3.0 AE