1.1.6 For the data in the following table, the consumption function is C = 800 + 0.6(Y – T). Fill in the columns in the table and identify the equilibrium output.

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Net Output Taxes Disposable Income Consumption Spending Saving Planned Investment Government Spending Purchases Planned Unplanned Aggregate Inventory Expenditure Change 2,100 100 300 400 2,600 100 300 400 3,100 100 300 400 3,600 100 300 400 4,100 100 300 400 4,600 100 300 400 5,100 100 300 400