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Consider the data presented in the table: Unp 1 anned nctual aggregate investment expenditure or Government [inventory output (Y) Consumption (E) Planned investment spending ((3)

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Consider the data presented in the table: Unp 1 anned nctual aggregate investment expenditure or Government [inventory output (Y) Consumption (E) Planned investment spending ((3) Net exports (III) change) (billions (billions of $) (billions of $) (billions of 5) (billions of 5) (billions of 5) of 5) sea sea I 153 I 168 I 56 I:I:I see 359 I II m m I | I III I see 459 I | | IIIIIIII I see see I | I III III Based on the assurrptions of the aggregate expenditure model, ll in the columns for planned investment, government spending. and net exports. Instructions: Enter the values into the ta ble above. a. For each level of actual aggregate expenditure, calculate unplanned inventory investment. Instructions: Enter the values into the table above. If the value is negative, then be sure to enter a minus sign. b. What is the equilibrium level of aggregate expenditure in this economy? Instructions: Enter a number rounded to the nearest whole number. Answer in the billions of dollars. I c. Suppose that planned investment increases by $50 billion. What is the new equilibrium level of aggregate expenditure in this economy? Instructions: Enter a number rounded to the nearest whole number. Answer in the billions of dollars. I d. What is the marginal propensity to consume in this economy? Instructions: Enter a number rounded to two decimal places as necessary. :I e. What is the expenditure multiplier in this economy? Instructions: Enter a number rounded to two decimal places as necessary. :I

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