Economic Expenditures Disposable Income=GDP Consumption Ig G X M $ 50000 $ 70000 $9500 $8500 $6000 $18000 $100000 $100000 $9500 $8500 $6000 $24000 $150000 $130000 $9500 $8500 $6000 $30000 $200000 $160000 $9500 $8500 $6000 $36000 $250000 $190000 $9500 $8500 $6000 $42000 a. Solve for net exports and aggregate expenditures at every level of GDP and determine the equilibrium level of GDP. b. If potential GDP equals $400,000, based upon the equilibrium GDP value from part a, solve for the size of the recessionary gap. c. If taxes =0.02Y, where Y represents GDP, solve for the cyclical budget deficit. d. Suppose that foreign tastes for American made goods and services increase, causing the value of X to increase by $78000 in each row, so that it now equals $84000. Solve for the new equilibrium GDP that will result from this change. Solve for the actual multiplier. f. Solve for the simple multiplier