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Consider the data below for a hypothetical economy. All figures are in billions of dollars. Real Domestic Aggregate aggregate Output Expenditurele + lg), Expenditures (C 4- lg + 2503, (GDP = DI) Private, Closed Economy Exports, x Imports, M Private, Open Economy Billions ' ' ' ' 200 245 30 15 250 280 30 15 300 315 30 15 350 350 30 15 400 385 30 15 450 420 30 15 500 455 30 15 (a) Complete the above Table and clearly show your steps and calculations. (b) With the completed Table in (a) above, determine the: (i) equilibrium GDP of the private, open economy. Clearly show your steps and calculations. (ii) net exports multiplier of the private, open economy. Clearly show your steps/calculations. (c) If full employment GDP for the open economy is $350 billion, will there be an inationary expenditure gap or a recessionary expenditure gap in the economy? Why? What is the consequence of this expenditure gap on the economy