Now in Jamesland. G. The equilibrium price level would be H. Equilibrium GDP would be $ billion 1. Full-employment output (YFE) would be s billion. J. The economy now has of S billion. K. The unemployment rate would be %. Round to one decimal point (e.g., 1.1) L. The annual inflation rate would be %. Round to one decimal point (e.g., 9.8). Hint: you will have to use what you learned in an earlier chapter to get this value CheckF. In the following year government decided to undertake several new infrastructure projects that resulted in a change of $88 billion. Note: this will change either aggregate demand or aggregate supply but not both. Complete the table below. P 107 108 109 110 111 112 113 114Currently in Jamesland. A. The equilibrium price level is B. Equilibrium GDP is $ billion C. The recessionary gap is S billion. D. Full-employment output (YFE) is $ billion. Hint: B and C are helpful here. E. The unemployment rate is %. Round to one decimal point (e.g., 1.1).Note: this question is similar to Study Problem 4 in the 9th edition and Connect Study Problem 4 in the 8th edition. The table below shows the current aggregate demand (AD) and aggregate supply (AS) values at various equilibrium price level (P) for Jamesland. AD and AS values are in billions of dollars. In this economy the natural rate of unemployment is 5.1% and for each $4 of recessionary gap, cyclical unemployment is 0.1%. Suppose that the economy of Jamesland is in macroeconomic equilibrium and experiencing a recessionary gap of $88 billion and an inflation rate of 1.6% P AD1 AS1 107 854 810 108 846 824 109 838 838 110 830 852 171 822 866 112 814 880 113 806 894 114 798 908