1. If the MPC is equal to 0.77, then a $544 increase in disposable income will increase savings by what amount? Please round to two decimal places if needed and do not include a dollar sign ($) in your answer.

2. Potential GDP equals $400 billion. The economy is currently producing GDP equal to $450 billion. If the MPC is 0.71, then autonomous spending must change by $_______ billion for the economy to move to potential GDP? Please round to two decimal places where needed and include a negative sign (-) if it is a decrease.

3. If MPC in an economy is 0.7 and consumption spending increases by $1,406, what will overall GDP increase by? Please round to two decimal places where needed and do not include a dollar sign ($) in your answer.

4. Assume you take $595.48 from your savings account and transfer it to your checking account. How much will M2 change by? Make sure you use a negative sign if it is a decrease. Please round to two decimal places and do not include the dollar sign. For example, if your answer is $5678.977 you would enter 5678.98.

5. Assume you take $544 in cash and deposit it into your savings account. Holding all else constant, how much will M1 change by? Make sure you use a negative sign if it is a decrease. Please round to two decimal places and do not include the dollar sign. For example, if your answer is $5678.977 you would enter 5678.98.