Research by a team of expert economists has uncovered the consumption and import functions and produced a forecast of planned investment and exports for the economy of Merryville as reported below:

Research by a team of expert economists has uncovered the consumption and import functions and produced a forecast of planned investn reported below: a) What equilibrium real GDP would Merryville produce? Equilibrium real GDP: I b) What are the marginal propensities to consume and import in Merrwille. Note: Keep as much precision as possible during your calculations. Your final answer should be accurate to at least two decimal places. Marginal propensity to consume: I Marginal propensity to import: I c) What is the size of the multiplier? Note: Keep as much precision as possible during your calculations. Your final answer should be accurate to at least two decimal places. lSize of the multiplier: I I c) What is the size of the multiplier? Note: Keep as much precision as possible during your calculations. Your final answer should be accurate to at least two decimal places. lSize of the multiplier: I l d) If actual GDP were 1,000, what difference between planned and actual investment would result? Why? The aggregate expenditure would be - . Due to the difference between the aggregate expenditure and Y, inventories are _ to ll the gap. Planned investment, including planned inventory investment is 100 but the unplanned changes to inventories results in an actual investment of -. e) If planned investment increases by 30 to 130, what is the new equilibrium income? lNew equilibrium income : I l