Please answer the following. Be as detailed as possible. Thanks.

10:53 PMO 36 1. The fundamental equations in an * economy are given as: Consumption Function C = 100 + 0.8Yd, Investment | = 100, Tax function Tx = 120 +.10Y, Government Expenditure G = 64. Find the equilibrium level of income. Write your answer on the space provided. (All figures are in pesos) Your answer 2. At the equilibrium level of income in * number 1, is the government operating with a deficit or surplus? deficit of P116 O surplus of P116 deficit of P244 surplus of P244 3. What is the value of the government * multiplier. Write your answer on the space provided. Please refer to problem # 1. Your