5.4 Calculate the equilibrium level of income, using the values calculated in 5.2 and 5.3 above. Show all formulas and calculations used. 5.5 Calculate the government surplus or deficit at the equilibrium level of income. Show all formulas and calculations used. 5.6 Calculate the level of investment needed to reach the full employment level of output. Show all formulas and calculations used.

Silesia You are provided with the following information about an imaginary economy called Silesia. Use the information provided in the lable to answer the questions below Government expenditure 400 Exports 250 Autonomous imports 50 Autonomous consumption 150 Investment Expenditure 300 Full-employment output 2040 Marginal propensity to consume 0.75 COEC121 - Take-Home Test Paper 52 2020 | V1.0 Page 7 of p Marginal propensity to import 0.15 Tax rate 0.25 Source: Deser N. 2017 1 Derive and calculate the consumption function for the data provided. Show all formulas and calculations used (3 Marks) Calculate autonomous spending. Show all formulas and calculations used. (3 Marks 13 Calculate the multiplier. Show all formulas and calculations used. Round off your final answer to 1 decimal