1. Consider the following production function: Y = F(K, L) = A(2K + 3L) Does this production function exhibit constant returns to scale?2. Suppose the table represents the production function of both Mexico and Spain. Use the following information to answer the next question. 'f' Country L== Population K = Capital (trillions) Y = Output (trillions) millions 0'74 2. Calculate total factor productivity for both countries using Equation 3. Equation 3: Y: FULL) 2 AK\" L0\" \f4. Explain the difference in per capita income.5. Using Keynes equilibrium, Where the total quantity of output produced in the economy equals the total amount of planned expenditure (aggregate demand). That is: Y = X35: Deriving the IS Curve