hey guys can someone help with that question and explain it, please?

X Lab 4 (Question 8) ~ Lyryx Learning Inc - Google Chrome Ly laecon 1.lyryx.com/student-servlets/LabServlet?ccid=3822 10 = 110 lo = investment expenditure Go = 580 Go = government expenditure Xo = 340 Xo = exports IM = IMo + my IM = imports IMo = 60 IMo = autonomous imports m = 0.15 m = marginal propensity to import (MPM) Y = real GDP/income a) Calculate the equilibrium level of income. Keep as much precision as possible during your calculations. Your final answer should be accurate to the nearest dollar. Equilibrium = $0 b) What is the multiplier for government expenditures? That is, increasing government expenditures by $1 increases the equilibrium level of income by how much? Keep as much precision as possible during your calculations. Your final answer should be accurate to at least two decimal places. Government Multiplier = 0 c) Suppose that the potential income for this economy is $3,543. What change in government spending would eliminate this gap and bring the economy back to equilibrium? Keep as much precision as possible during your calculations. Your final answer should be accurate to the nearest dollar. Government Change = $0 SUBMIT AND MARK . 7by OneDrive -5 9013 70nn DIbly SAVE AND CLOSE OneDrive 19:01 27/02/2021 ENG 17 x O LICGL CNI CLI CUGMAX Lab 4 (Question 8) ~ Lyryx Learning Inc - Google Chrome Ly laecon 1.lyryx.com/student-servlets/LabServlet?ccid=3822 A simple macroeconomic system is described below. Assuming the system follows the aggregate expenditures model, please answer the questions that follow. C = Co + CYd C = consumption expenditure Co = 530 Co = autonomous consumption expenditure C = 0.75 c = marginal propensity to consume (MPC) Yd = Y - NT Yd = disposable income NT = ty NT = net taxes t = 0.25 t = tax rate 10 = 110 lo = investment expenditure Go = 580 Go = government expenditure XO = 340 Xo = exports IM = IMo + my IM = imports IMo = 60 IMo = autonomous imports m = 0.15 m = marginal propensity to import (MPM) Y = real GDP/income a) Calculate the equilibrium level of income. Keep as much precision as possible during your calculations. Your final answer should be accurate to the nearest dollar. Equilibrium = $0 b) What is the multiplier for government expenditures? That is, increasing government expenditures by $1 increases the equilibrium level of income by how much? Keep as much precision as possible during your calculations. Your final answer should be accurate to at least two decimal places. Government Multiplier = 0 c) Sunnose that the potential income for this economy is $3 543 What channelin anvernment spending would eliminate this nan and hring the economy hack to equilibrium? 19:01 27/02/2021 ENG : O LICGL CNI CLI GUGA