Economics Could you please answer all 3 questions as I really need help. I would really appreciate it. Thank you in advance. Consider the following economy: C=100+0.8(Y-T) Ip=200 G=200 T=50+0.2Y M=0.14Y X=50 Calculate the value of the budget balance at the equilibrium level of output to the nearest whole number. O Budget deficit of 54 O Budget surplus of 314 O None of the other answers are correct O Budget deficit of 314 O Budget surplus of 54 Suppose that home inflation is 4% and foreign inflation is 8%, then Purchasing Power Party theory predicts: Select one alternative: O A 2% appreciation in the exchange rate of the home country against the foreign country. O A 4% increase in the rate of inflation in the home country. O A 4% appreciation in the exchange rate of the home country against the foreign country. O A 2% depreciation in the exchange rate of the home country against the foreign country. O A 4% depreciation in the exchange rate of the home country against the foreign countryPanda Express is a takeaway Chinese restaurant. They are considering investing in a machine that automates the cooking of bowls of rice. The machine costs $1,000 and has a physical depreciation rate of 1% per annum. It is expected that at the end of the year Panda Express could sell the machine for $500. The annual nominal interest rate is 5% per annum and the annual real interest rate is 1% per annum. If Panda Express buys the machine it can produce an extra 1,000 bowls of rice a year. Each bowl of rice is sold for $0.52. Should Panda Express invest in the new machine? Select one alternative: O There is insufficient information to answer this question. O None of the other answers are correct O Yes because the benefit from investing is greater than the cost of investing O Yes because the benefit from investing is equal to the cost of investing O No because the benefit from investing is less than the cost of investing