Calculate the marginal propensity to consume...etc Listed below are the other questions.

Assignment 6 - The Simple Model with Government & Foreign Trade Instructions: For the following question, write your answers in the space provided. Answers must be hand-written. Upload either a jpeg or pdf file to the assignment folder prior to the deadline. Consider a simple macro model with a constant price level and demand-determined output (i. e. the chapter 22 model) We are given the following equations: C = 125 + 0.81Y, I = 250, G = 325, T = 0.1Y, X = 300, IM = 0.21Y. Calculate the following values: a) The marginal propensity the consume (b) b) The marginal propensity the consume out of national income c) The marginal propensity to spend (2) cl) Equilibrium national income (Y*) e) The trade balance at equilibrium national income. (Indicate if it's a decit or surplus) f) The government budget balance at equilibrium national income. (Indicate if it's a decit or surplus)