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2. Given the following information for an economy: C = 40 + 0.8Y G = 400 1 = 50 NX = 10-0.30Y Determine the following:

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2. Given the following information for an economy: C = 40 + 0.8Y G = 400 1 = 50 NX = 10-0.30Y Determine the following: a) The value of the autonomous consumption [1 mark] b) The value of the marginal propensity to consume [1 mark] c) The equilibrium level of real GDP [4 marks] d) The multiplier [4 marks]

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