Mailings Review View FECO2001 SEM 2 2022 students - Microsoft Word (Product Act Design Layout 32. The following table represents the Austrian economy. Income Consumption Investment Aggregate Demand (C) (I ) AD = C+II 0 30 (a) 50 300 300 20 (b) 400 (c) 20 410 500 480 20 500 600 (d) 20 (e) a) Use the table above (for a simple economy with no foreign sector or government) to fill in the missing letters (a). (b) and (c) 1.5 marks b) Determine the consumption function 1.5 marks c) Complete the table by using the consumption function to find (d) and (e) 1 mark d) Compute the multiplier. 1 mark O WTable Tools FECO2001 SEM 2 2022 students - Microsoft Word (Product Activa out References Mailings Review View Design Layout Illustrate how the following would affect the economy equilibrium output using well labelled Keynesian cross diagrams. e. Households experience a decline in wealth as the value of housing drops when the housing bubble bursts. 2.5 marks f. The nation's leaders tell consumers it is their patriotic duty to save the economy by 2.5 marks consuming more, and consumers obey. W O hp delete $12 mort sc f10 1 f9 f8 f7 8 %