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econ 203 lab 3 question 2. looking for answers of a,b,c,d,e Question 2 [16 points] Research by a team at expert economists has uncovered the

econ 203 lab 3 question 2. looking for answers of a,b,c,d,e

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Question 2 [16 points] Research by a team at expert economists has uncovered the consumption and import functions and produced a forecast of planned investrnerrl and exports tor the economy at Wonderland as reported below: a) What equilibrium real GDP would Wondeand produce? Equilibrium real GDP: I b) What are the marginal propensities to consume and import in Wonderland. Note: Keep as much precision as possible during your calculations. Your nal answer should be accurate to at least two decimal places. Marginal propensity to consume: I Marginal propensity to import: I c) What is the size of the multiplier? Note: Keep as much precision as possible during your calculations. Your nal answer should be accurate to at least two decimal places. Size of the multiplier I d) If actual GDP were 700. what difference between planned and actual investment would result? Why'? The aggregate expenditure would he - . Due to the difference between the aggregate expenditure and Y. inventories are _ to till the gap. Planned investment. including planned inventory investment is 100 but the unplanned changes to inventories results in an actual investment of -. I) If planned investment increases by 4D to 140, what is the new equilibrium income

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