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5. Country X's long run full employment level of Real GDP is estimated to be $20,000,000. However, the current actual Real GDP in country X stands at $18,000,000. Data shows that in country X a $1,000 increase in one's income results in $970 increase consumption. Answer the following questions based on the above information. (12 points) I. Is Country X in a recessionary or an inflationary Real GDP gap? Briefly explain your answer. II. What is the dollar value of the GDP gap? $_ Ill. What is country X's Marginal Propensity to Consume (MPC)? IV. If MPC has been updated to be 90% (0.90), calculate country X's income multiplier. V. Explain what the income multiplier value you obtained in question IV means