Greetings! May I please receive help with these questions? I would also like to get help with all of the questions as it is urgent. Also for the graphs please do mentions the points as it gets confusing what exactly is the answer. I also did many of them but I am not sure if they are right so pls re-do the questions. Thank you so much!

Question 1)

3 The figure below depicts the economy of Altrua, which is presently in equilibrium. Enter your responses below rounded to one decimal place. 5 points AS AD eBook LAS Print Price level References X 340 360 380 400 420 440 460 480 500 520 Real GDPa. The size oflts recessionary gap is $ |:|. b. The size of this gap as a percentage of its actual GDP is 96. c. If the natural rate of unemployment is 3%. use Dkun's law to calculate the amount of actual unemployment in Altrua. The actual rate of unemployment is 96. The table below shows the aggregate demand for the economy of Itera. Its potential GDP (LAS) is $600. Price Index Aggregate Quantity Demanded 70 600 10 90 550 points 110 500 130 450 a. Draw the aggregate demand curve and the potential GDP (LAS) curve in the graphing area below. Plot only the endpoints of each curve in @Book the graphing area using the appropriate tool. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. Print Aggregate Demand for the economy of Itera AD n AS References 130 - Potential GDP 120- AD2 110 - Price Index 100- 90 - Potential GDRD2 70 - 300 400 500 600 700 BOO 900 Real GDPReferences reset b. The equilibrium level of GDP is $ 550 and the price index is 90 c. There is a recessionary | gap in Itera of $ 50 d. If aggregate demand in Itera were to increase by $150, draw the new (AD2) curve in the graphing area above. Remember to plot only the endpoints of the curve. e. The new equilibrium level of GDP is $|650 and the price index is |107.5 f. Now there is an inflationary | gap in Itera of $[ 505 Suppose that the economy of Witland in the figure below is at full-employment equilibrium and the present nominal wage rate is $26 per hour. Round your answers to two decimal places 10 points The economy of Witland ADZ AS AD 130 7 AS2 Book LAS 120- Print Price Level 110 References 100 - AS2 AD2 90 200 400 600 1000 1200 1400 2000 Real GDP reseta. The real wage rate (in base year prices] is $ 13.18 . b. Suppose that aggregate demand increases by $400. Draw the new AD curve in the graph above. Plot only the endpoints ofthe curve. c. At the new equilibrium real GDP level, the value ofthe real wage rate will be 35 15.6? . d. As a result of the change in prices in b). suppose that nominal wage increases. causing aggregate supply to change by $400. Draw the new AS curve in the graph above. Plot only the endpoints ofthe curve. e. At the new equilibrium. the new real wage rate will be :5 23.5 . f. At the new equilibrium in e), the value of the nominal wage rate will be $ 21.55 . Government spending in Robok is $120 billion, and its only tax is an income tax with a marginal tax rate of 0.2. a. The balance on the government's budget at a GDP level of $410 billion is a surplus of $ 38 billion. b. The balance on the government's budget at a GDP level of $750 billion is a |surplus v of $ 30 billion. c. At what level of GDP will the economy of Robok have a balanced budget? Robok will have a balanced budget at a GDP level of $ 600 billion.References A country is in the midst of a recession with real GDP estimated to be $1.8 billion below potential GDP. The government's policy analysts believe the current value ofthe marginal propensity to consume (MPG) is 0.90. Instructions: Enter numbers rounded to two decimal places. a. If the government wants real GDP to equal potential GDP. it should increase government spending by $ it could reduce taxes by $ billion. 0.1 S billion. Alternatively, b. Suppose that during the recession, people have become less condent and decide they will only spend 50% of any additional income. In this case, ifthe government increases spending by the amount calculated in part a, real GDP will end up potential GDP by $ billion. less than v c. With the same decrease in consumer spending described in part b, if the government decreases taxes by the amount calculated in part a, then real GDP will end up less than v potential GDP by $ billion. d. Given your answers above. what can we conclude? 0 When the government changes spending or taxes. it is easy to predict the exact impact on real GDP. 0 If the government overestimates the value ofthe MPC. then its change in spending or taxes will be too large and real GDP will exceed potential GDP. G) If the government overestimates the value ofthe MPC. then its change in spending or taxes will be too small and real GDP will fall short of potential GDP. 0 It is easy for the government to predict the value of the MPC prior to any changes in spending or taxes