Real GDP. Consumption. Planned Investment. Government Purchases NetExports

$1,000 $ 1,000. $100. $150. -$50

$2,000. $1,900. $100. $150. -$50

$3,000. $2,800. $100. $150. -$50

$4,000. $ 3,700. $100. $150. -$50

The numbers in the table are in billions of dollars.

Using the table above, answer the questions-

a. What is the equilibrium level of real GDP?

b. What is theMPC?

c. If potential GDP is $4,000 billion, is the economy at full employment? If not, what is the condition of the economy?