Answer the following

Question 1 [6 points] Consider an economy of a nation that has the following aggregate expenditure. I I I I I I 600 720 840 960 1080 1200 Real GDP Note: Please make sure your nal answers are accurate to 2 decimal places. a) What is the value of the equilibrium national real GDP? [Equilibrium = $E | b) What is the value of the multiplier? lMultiplier = I c) If the autonomous consumption were to decrease by $120, what would be the new value of equilibrium real GDP? New equilibrium = $I