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please answer 2. Suppose that an economy is characterized by thefollowiug behav- ioral equations (in billions of euros): = 480+0.5YD l= 110 T = 70

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2. Suppose that an economy is characterized by thefollowiug behav- ioral equations (in billions of euros): = 480+0.5YD l= 110 T = 70 G = 250 Solve for the following variables. a. Equilibrium GDP (Y) b. Disposable income ( YD) (2. Consumption spending (C) .3. Use the economy described in Problem 2. a. Compute private saving. public saving. and investment spending. b. Solve for equilibrium output. Compute total demand. Explain how it affects production. c. Assume that G is now equal to 300 billion. Solve for equi- librium output, consumption. and disposable income. Why do you think the government will decide to expand scal spending

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