During the 2008 recession sparked by the nancial crisis, the US economy suffered tremendously. Suppose that, due to the recession, U.S. GDP dropped from $14 trillion to $12.5 trillion. This fall in GDP was due to a drop in consumption of $1 trillion and a drop in investment of $500 billion. The US. government, under the Obama administration, responded to this recession by increasing government purchases. Instructions: In part a, round your answer to one decimal place. In part b, enter your answer as a whole number. a. Suppose that government spending had no impact on consumption, investment, or net exports. If the Obama administration wanted to bring GDP back up to $14 trillion, government spending would have to rise by: $ |:| trillion b. Many economists believe that an increase in government spending doesn'tjust directly increase GDP. but it also leads to an increase in consumption. If government spending rises by $1 trillion, in order to bring GDP back to $14 trillion, consumption would have to rise by: $ billion