Question # 2:

Aggregate

Output

Aggregate

Consumption

Planned Investment

2000

1200

1350

2500

1500

1050

3000

1800

1400

3500

2100

1400

4000

2400

1400

a)Complete the table by adding three more columns inserting the Aggregate Expenditurethe Unplanned Inventory Changes, and the level of saving at each income level.

b)What is the marginal propensity to consume (MPC and the marginal propensity to save (MPS) in this economy?

c)What is the equilibrium level of income?

d)What is the value of the multiplier?

e)If the level of planned investment rises by $200m, what is the new level of equilibrium national income?

Can you help me please with this answers quickly, as i have limited amount of time

(2 marks)