Q2. (3) In a State of Sunshine, during the 2020 scal year, households spent 75% of their disposable income on consumption in addition to $50m consumption expenditure independent of income- Total private investment stood at $60m, total government expenditure stood at $20m and exports and imports were $40m and $30m respectively. Find the equilibrium level of: i- Income ii- Consumption iii. Savings Doc.No.: EXMJFIO3 Paella; in Issue No.:1 Last Update: 15:05:15 Date:12!04!06 Author: EC \"raved: PROVOST (b) Consolidated Bank is the only bank in the economy. The people in this economy have $80 million in money, and they deposit all their money in Consolidated Bank. i. Consolidated Bank decides on a policy of holding 100% reserves. Draw a T-account for the bank. ii. Consolidated Bank is required to hold 8% of its existing $80 million as reserves, and to loan out the rest. Draw a Taccount for the bank after this rst round of loans has been made. iii. Assume that Consolidated bank is part of a multibank system. How much will money supply increase with the 8% reserve