1. You're given the following two equations representing the market for loanable funds:

Q_L = 13.5 + 2.1r

Q_L = 55.7 - 2.9r

What is the equilibrium real interest rate? Please round to 1 decimal place and do not include a percentage sign (%) in your answer.

2. You're given the following two equations representing the market for loanable funds:

Q_L = 15.7 + 3.6r

Q_L = 62.6 - 3.2r

What is the equilibrium quantity of loanable funds? Please round to 1 decimal place.

3. Using the following data, calculate government purchases for a closed economy. Please round to 1 decimal place. Use the minus sign (-) to enter a negative number if needed.

Y = 12.2

C = 7

I = 2.4

TR = 1.1

T = 2.6

4. Suppose Sony plans to produce 10.9 million TVs this year. The company expects to sell 7.2 million. Suppose that at the end of the year, Sony has sold 8.6 million TVs. What is the level of planned inventories? Please round to the nearest one-decimal and enter as millions. For example, if your answer was 4,500,000 you would enter the number 4.5.

5. If disposable income increases from $1,047 to $1,235, and consumption increases from $832 to $918 as a result, what is the value of the MPS? Please round to two decimal places if needed.