Study the following table for a hypothetical economy: | Previous year | Current year | Real GDP | $456 billion | $480 billion | GDP Price Deflator (end of year) | 130 140 Unemployment Rate 41 (a) What is the major economic problem illustrated above? Explain. (b) How could the government change the level of its purchases or taxes to eliminate this problem? (c) Explain how each action would affect spending and, hence, improve the current situation