Equations for C, I, G, and NX are given below. If the equilibrium level of output is $21,500, what is the marginal propensity to consume? C = 1,500 + CY I = 1,000 G = 2,000 NX = -200 a) 0.8 ( b) 0.2 O c) 0.9 O d) 0.75Given the equations for C, I, G, and NX below, what is the marginal propensity to save? C = 1,000 + 0.8Y I = 1,500 G = 1,250 NX = 100 ( a) 1.0 b) 0.2 O c) 10 ( d) 0.8it\" 5 :5: ,/L' n5 is? / l 3% K2 1%, 0' 00F: one Ron] om: Y {billion 0020?? dollars: Refer to the figureI suppose that government spending increases, shifting up the aggregate expenditure line. Output increases from GDPl to GDPZ, and this amount is $000 billion. If the MPC is 0.0, then what is the distance between N and L or by how much did government spending change? 0 a] $120 billion O 0] $400 billion Q oi $300 billion Q oi $600 billion The equations for C, I, G, and NR are all given below. What is the equilibrium level of output? C = 4,000 + 0.5V I = 1.500 G = 2,250 NX = -150 O a] 7.900 O 0] 15,300 O c] 1600 Q d) 15,200 Real GDP Consumption Planned Government Net Exports Investment Purchases $500 $400 $100 $150 -$50 600 450 100 150 -50 700 500 100 150 -50 800 550 100 150 -50 Using the table above, if investment spending declines by $50 billion, what will happen to equilibrium GDP? The numbers in the table are in billions of dollars. a) $600 (b) $750 O c) $650 O d) $450Equations for C, |, G. and MK are given below. If the equilibrium level of output is $21,500, what will the new equilibrium level of output be if investment increases by 1,000? C = 1.500 + CY l = 1,000 G = 2,000 NR = -200 O a) $22,500 0 b] $25,500 0 0} $22,000 0 0} $21,500 Real GDP Consumption Planned Government Net Exports Investment Purchases $500 $400 $100 $150 -$50 600 450 100 150 -50 700 500 100 150 -50 800 550 100 150 -50 Using the table above, what is the equilibrium level of real GDP? The numbers in the table are in billions of dollars. O a) $800 Ob) $600 O c) $500 O d) $700Suppose that the required reserye ratio is 20 percent and you deposit $50,000 of currency given to you by the Bank of Canada into REC bank. What is the potential increase in deposits in the banking system brought about by your deposit? What is the potential change in the money supply? O a) $1,000,000; $500,000 0 b] $250,000; $50,000 O c} $250,000; $200,000 0 d} $100,000; $50,000