In this photo, how is the circled number (109.7) found or calculated?

Homepage - EC X Pearson MyLab X Review Test - C X Take a Test - C X Q Chapter 16 - Q X G If the marginal X G If the marginal x Course Hero X G screenshot ma X + C mathxl.com/student/PlayerTest.aspx?testResultld=847086548&back=/student/Results.aspx%3Fmode%3DPastTwoWeeks ECON*1100DE $20 Christara Haliman & | 07/10/20 1:41 AM Review Quiz: Assignment 10 (Chapter 12) Close Score: 0.88 of 1 pt 5 of 10 Test Score: 38.75%, 3.88 of 10 pts x Problem 3.2 The hypothetical information in the following table shows what the situation will be in 2015 if the government does not Price Level (CPI) use fiscal policy.. 114- LRAS 2014 LRA$ 2015 Year Potential Real 113- GDP Real GDP Price Level 112- AP2015P 2014 $1.51 trillion $1.51 trillion 106.0 111 - 2015 $1.56 trillion $1.51 trillion 107.7 110 4109:!... SRAS 2015 109 ep iii. The inflation rate will be higher than it would have been if Parliament had taken no action. 108 107:!.... ..." SRAS2014 iv. The unemployment rate will be lower than it would have been if Parliament had taken no action. 107- c. Draw an aggregate demand and aggregate supply graph to illustrate the effects of Parliament's policy. Assume that 106- policy does not affect LRAS. 105- AD 2015N -AD 201 1.) Use the line drawing tool to draw the LRAS curves for 2014 and 2015. Respectively label these curves 'LRAS2014' 104- and 'LRAS2015. 103+ 1.51 1.56 1.48 1.50 1.52 1.54 1.56 1.58 1.60 2.) Use the line drawing tool to draw the SRAS curves for 2014 and 2015. Respectively label these curves 'SRAS2014' Real GDP (trillions of dollars) and 'SRAS2015. 3.) Use the line drawing tool to draw the AD curve for 2014. Label this curve 'AD2014.' 4.) Use the line drawing tool to draw the AD curve for 2015, with and without fiscal policy action. Respectively label these curves 'AD2015p and AD2015N. 5.) Use the point drawing tool to identify the equilibrium real GDP and price level in 2015, with and without policy. Respectively label these points 'ep' and 'en.' Carefully follow the instructions above, and only draw the required objects. Question is complete. Tap on the red indicators to see incorrect answers.